Guideline Value

Corporate

Guideline Value for VIGNESHWAR NAGAR

₹1210/sq.ft.

The guideline value for Vigneshwar Nagar in Karanodai village (Redhills SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karanodai

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vigneshwar Nagar

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Vigneshwar Nagar guideline value

The current guideline value of Vigneshwar Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Karanodai village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Vigneshwar Nagar has changed

The guideline value for Vigneshwar Nagar has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,100 per sq.ft, which decreased to Rs 737 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 1,100 per sq.ft in the 2023 revision, and then to Rs 1,210 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karanodai

In Karanodai village, there are 38 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, which is the same as the current value for Vigneshwar Nagar.

Stamp duty and registration fee for property in Vigneshwar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200, bringing the total fees together to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vigneshwar Nagar?

The Sub Registrar Office that covers Vigneshwar Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Karanodai

The guideline value is a crucial factor when registering property in Karanodai. It serves as the minimum value for transactions, ensuring that properties are registered at a fair value as determined by the government.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for all property transactions. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vigneshwar Nagar?

The current guideline value of Vigneshwar Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then up to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the median guideline value for streets in Karanodai?

The median guideline value for the 38 streets in Karanodai is Rs 1,210 per sq.ft, which is the same as the current value for Vigneshwar Nagar.

What are the stamp duty and registration fees for property in Vigneshwar Nagar?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles property registrations for Vigneshwar Nagar?

The Redhills Sub Registrar Office handles property registrations for Vigneshwar Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.