Guideline Value for VIVEKANANDA 1ST ST

Vivekananda 1st St guideline value

The current guideline value of Vivekananda 1st St in Vilingiyambakkam village, under the Avadi SRO, is Rs 1,310 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - I.

How the guideline value of Vivekananda 1st St has changed

The guideline value for Vivekananda 1st St has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, followed by a further increase to Rs 1,310 per sq.ft in 2024, which is a rise of 9%.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, there has been a slight increase of 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Vivekananda 1st St's 2024 figure above that median.

• Vivekananda 2nd St: Rs 810 per sq.ft (2024)
• Vivekanandar St: Rs 935 per sq.ft (2024)
• Vinayagar St: Rs 935 per sq.ft (2024)
• Villtal St: Rs 935 per sq.ft (2024)
• V.O.C.Street: Rs 1,310 per sq.ft (2024)
• Vijayarangan Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekananda 1st St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, making the total cost for these fees Rs 1,17,900. 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 Vivekananda 1st St?

The Vivekananda 1st St falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Vilingiyambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers need to be aware of the guideline value to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Vivekananda 1st St?

The current guideline value of Vivekananda 1st St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value of Vivekananda 1st St changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the land classification for Vivekananda 1st St?

Vivekananda 1st St is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for a property on Vivekananda 1st St?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,17,900.

Which office handles registrations for Vivekananda 1st St?

The Avadi Sub Registrar Office handles registrations for Vivekananda 1st St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.