Guideline Value for VIGNESWARA NAGAR PHASE I

Vigneswara Nagar Phase I guideline value

The current guideline value of Vigneswara Nagar Phase I is Rs 400 per sq.ft. This area is located in Thachoor_2 village, under the Ponneri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Vigneswara Nagar Phase I has changed

In the 2023 revision, the guideline value for Vigneswara Nagar Phase I was Rs 150 per sq.ft. The most recent revision in 2024 increased this value to Rs 400 per sq.ft, marking a significant change of +167%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Comparing the revisions, the increase from 2023 to 2024 is noteworthy. The 2024 figure of Rs 400 per sq.ft is the latest and reflects the current valuation for this area.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Vigneswara Nagar Phase I is below this median.

• Vijay Nagar: Rs 400 per sq.ft (2024)
• Welcome City: Rs 1,800 per sq.ft (2024)
• Velammal Vidhya Residency: Rs 600 per sq.ft (2024)
• Velammal Residency Phase -IV: Rs 800 per sq.ft (2024)
• Velammal Residency Phase III: Rs 800 per sq.ft (2024)
• Velammal Residency Phase II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Vigneswara Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vigneswara Nagar Phase I?

The Sub Registrar Office covering Vigneswara Nagar Phase I is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is a critical factor during property registration in Thachoor_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property transaction occurs, the guideline value is assessed to ensure that the correct fees are applied. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Vigneswara Nagar Phase I?

The current guideline value for Vigneswara Nagar Phase I is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, reflecting an increase of +167%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values for other streets in Thachoor_2?

Other streets in Thachoor_2 have varying guideline values, ranging from Rs 202 to Rs 1,800 per sq.ft. The median value for these streets is Rs 600 per sq.ft, with Vigneswara Nagar Phase I being below this median.

What fees are associated with buying property in Vigneswara Nagar Phase I?

When buying property in Vigneswara Nagar Phase I, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vigneswara Nagar Phase I?

The Sub Registrar Office for Vigneswara Nagar Phase I is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO through the provided link.