Guideline Value

Corporate

Guideline Value for VIGNESWAR NAGAR

₹110/sq.ft.

The guideline value for Vigneswar Nagar in Puthu Errumai Vettipalayam village (Redhills SRO, Chennai zone) is Rs 110 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puthu Errumai Vettipalayam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹110 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /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]

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Vigneswar Nagar guideline value

The current guideline value of Vigneswar Nagar is Rs 110 per sq.ft, effective from 1 July 2024. This area is located in Puthu Errumai Vettipalayam village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Vigneswar Nagar has changed

The guideline value for Vigneswar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the latest revision in 2024 raised it further to Rs 110 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are notable: from 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Puthu Errumai Vettipalayam

In Puthu Errumai Vettipalayam, there are eight streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 220 per sq.ft, with a median value of Rs 220 per sq.ft. Vigneswar Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Vigneswar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total fees to Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vigneswar Nagar?

The Sub Registrar Office covering Vigneswar 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 Puthu Errumai Vettipalayam

The guideline value is a crucial factor in property transactions in Puthu Errumai Vettipalayam. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property. This value helps ensure that the fees are calculated fairly based on the current market conditions as reflected in the guideline values.

When selling property, the guideline value serves as a benchmark for pricing. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction process during registration.

Frequently asked questions

What is the current guideline value of Vigneswar Nagar?

The current guideline value of Vigneswar Nagar is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the median guideline value in Puthu Errumai Vettipalayam?

The median guideline value in Puthu Errumai Vettipalayam for 2024 is Rs 220 per sq.ft, while Vigneswar Nagar's value is below this median.

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

For a property valued at Rs 1,10,000 in Vigneswar Nagar, the stamp duty would be Rs 7,700 and the registration fee would be Rs 2,200, totaling Rs 9,900.

Which office handles property registration for Vigneswar Nagar?

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