Guideline Value for VIVEKA NANDA NAGAR

Viveka Nanda Nagar guideline value

The current guideline value of Viveka Nanda Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Viveka Nanda Nagar has changed

The guideline value for Viveka Nanda Nagar has seen several revisions over the years. In 2012, the value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft. The 2023 revision maintained this value, and as of the 2024 revision, the guideline value remains unchanged at Rs 626 per sq.ft.

The register does not contain figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 626 per sq.ft.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is the same as the 2024 figure for Viveka Nanda Nagar.

• V.M.K. Nagar: Rs 626 per sq.ft (2024)
• V.M. Nagar: Rs 626 per sq.ft (2024)
• Vetri Nagar: Rs 626 per sq.ft (2024)
• Venkatswara Nagar: Rs 626 per sq.ft (2024)
• Vengopal Street: Rs 626 per sq.ft (2024)
• Vel Murugan Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Viveka Nanda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, leading to a total of Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Viveka Nanda Nagar?

The Viveka Nanda Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Kakkalur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the market.

When selling property, the guideline value must be considered as it affects the legal documentation and the financial obligations of both the buyer and seller. It serves as a benchmark for the transaction and ensures that the property is valued appropriately for registration purposes.

Frequently asked questions

What is the current guideline value of Viveka Nanda Nagar?

The current guideline value of Viveka Nanda Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in both 2023 and 2024.

What is the land classification for Viveka Nanda Nagar?

Viveka Nanda Nagar is classified as Residential Class II Type - III, indicating its suitability for residential development.

What are the stamp duty rates for property in Viveka Nanda Nagar?

The stamp duty for property transactions in Viveka Nanda Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in this area?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Viveka Nanda Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.