Guideline Value for VIVEKANANDAR ST

Vivekanandar St guideline value

The current guideline value of Vivekanandar St is Rs 935 per sq.ft, effective from July 1, 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vivekanandar St has changed

Over the years, the guideline value of Vivekanandar St has seen several revisions. The 2012 revision set the value at Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in 2017. However, this figure rose significantly to Rs 850 per sq.ft in 2023, followed by the latest revision in 2024, which established the current value at Rs 935 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 do not have figures listed in the register for this street.

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. The median value is Rs 935 per sq.ft, which is equal to the 2024 figure for Vivekanandar St.

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

Stamp duty and registration fee for property in Vivekanandar St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekanandar St?

The Vivekanandar St falls under the jurisdiction of the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Vilingiyambakkam. It serves as a reference for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vivekanandar St?

The current guideline value of Vivekanandar St is Rs 935 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of Vivekanandar St?

Vivekanandar St is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where is the Avadi Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Vivekanandar St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 9,35,000, the stamp duty would be Rs 65,450.