Guideline Value for VIGNESWAR NAGAR

Vigneswar Nagar guideline value

The current guideline value of Vigneswar Nagar is Rs 500 per sq.ft. This area falls under Thozhuvur village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Vigneswar Nagar has changed

Looking at the revisions, the guideline value for Vigneswar Nagar was Rs 500 per sq.ft in 2012. It then decreased to Rs 335 per sq.ft in 2017, marking a drop of 33%. However, in the 2023 revision, the value increased to Rs 500 per sq.ft, reflecting a rise of 49% from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 500 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street. Therefore, the only revisions available are from 2012, 2017, and 2023.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Vigneswar Nagar is part of the Tiruvallur Joint 1 SRO, and there are no other streets in Thozhuvur listed with guideline values.

Stamp duty and registration fee for property in Vigneswar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty would be calculated at 7%, amounting to Rs 35,000, and the registration fee at 2% would be Rs 10,000. Together, these fees total Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vigneswar Nagar?

The Sub Registrar Office that covers Vigneswar Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thozhuvur. It is the benchmark used to determine the minimum value at which a property can be registered, and it affects the stamp duty and registration fees that buyers must pay.

When buying or selling property, the guideline value ensures that transactions are conducted transparently and fairly. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Vigneswar Nagar?

The current guideline value of Vigneswar Nagar is Rs 500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023.

What is the land classification for Vigneswar Nagar?

Vigneswar Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Vigneswar Nagar?

The Sub Registrar Office for Vigneswar Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for property in Vigneswar Nagar?

Stamp duty for property in Vigneswar Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 35,000 based on the current guideline value.