Guideline Value for VIVEKANANDA 2ND ST

Vivekananda 2nd St guideline value

The current guideline value of Vivekananda 2nd St is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Vivekananda 2nd St has changed

Over the years, the guideline value of Vivekananda 2nd St has seen several revisions. The 2012 revision set the value at Rs 650 per sq.ft, which was followed by a decrease to Rs 435 per sq.ft in the 2017 revision. The value then increased significantly to Rs 650 per sq.ft in the 2023 revision, and finally, it rose to Rs 810 per sq.ft in the 2024 revision, marking a 25% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 25%. The register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Vivekananda 2nd St is below this median.

• Vivekananda 1st St: Rs 1,310 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 2nd St

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value would be Rs 8,10,000. The stamp duty at 7% would be Rs 56,700, and the registration fee at 2% would be Rs 16,200, bringing the total fees to Rs 72,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your fees accurately.

Which Sub Registrar Office covers Vivekananda 2nd St?

The Vivekananda 2nd St is covered by 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 a crucial factor during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees based on the property’s value. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Vivekananda 2nd St?

The current guideline value of Vivekananda 2nd St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification for Vivekananda 2nd St?

The land classification for Vivekananda 2nd St is Residential Class I Type - III.

What are the stamp duty and registration fees for property in Vivekananda 2nd St?

For a property valued at Rs 8,10,000, the stamp duty would be Rs 56,700, and the registration fee would be Rs 16,200, totaling Rs 72,900.

Which Sub Registrar Office covers Vivekananda 2nd St?

The Avadi Sub Registrar Office covers Vivekananda 2nd St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.