Guideline Value for VIVEKANANDA NAGAR (WARD -18)

Vivekananda Nagar (Ward -18) guideline value

The current guideline value of Vivekananda Nagar (Ward -18) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Vivekananda Nagar (Ward -18) has changed

The guideline value for Vivekananda Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that have a guideline value for 2024, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Vivekananda Nagar.

• Vishnupriya Avenue (Ward -2): Rs 1,650 per sq.ft (2024)
• Vip Enclave: Rs 1,760 per sq.ft (2024)
• V.O.C Street (Ward -8): Rs 1,320 per sq.ft (2024)
• V.O.Sithamparanar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Yadavar Street (Ward -19): Rs 660 per sq.ft (2024)
• Villiery Palayam (Ward -15): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekananda Nagar (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 for more detailed calculations.

Which Sub Registrar Office covers Vivekananda Nagar (Ward -18)?

The Vivekananda Nagar (Ward -18) area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Vivekananda Nagar (Ward -18)?

The current guideline value of Vivekananda Nagar (Ward -18) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the classification of land in Vivekananda Nagar?

The land classification for Vivekananda Nagar (Ward -18) is Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same amount.

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

The Sub Registrar Office covering Vivekananda Nagar (Ward -18) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about it online.