Guideline Value for VIVEKANANDHA NAGAR

Vivekanandha Nagar guideline value

The current guideline value for Vivekanandha Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Vivekanandha Nagar has changed

The guideline value for Vivekanandha Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 201 per sq.ft, reflecting a decrease of 33%. The guideline value then increased by 49% in the 2023 revision to Rs 300 per sq.ft, and it has remained at this value in the 2024 revision, showing no change.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing the guideline value of Vivekanandha Nagar below this median.

• Vip City: Rs 501 per sq.ft (2024)
• Vengdaperumal Noyidu Street: Rs 1,500 per sq.ft (2024)
• Vengadaiya Pillai Street: Rs 1,200 per sq.ft (2024)
• Vellai Chetty Street: Rs 1,500 per sq.ft (2024)
• Veeraperumal Iyyangar Street: Rs 1,500 per sq.ft (2024)
• Vedapalayam Pandara Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanandha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, amounting to Rs 21,000, and the registration fee at 2%, which is Rs 6,000. Therefore, the total cost for stamp duty and registration fees together is Rs 27,000. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vivekanandha Nagar?

The Vivekanandha Nagar area is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid to the government during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged on the higher of the two figures. This ensures that the government receives appropriate fees based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Vivekanandha Nagar?

The current guideline value for Vivekanandha Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase of 49% to Rs 300 per sq.ft in 2023.

What are the other streets in Uthiramerur and their guideline values?

Other streets in Uthiramerur have varying guideline values, with some streets like Vengdaperumal Noyidu Street at Rs 1,500 per sq.ft and Vedapalayam Pandara Street at Rs 700 per sq.ft in 2024.

How is the stamp duty calculated for properties in Vivekanandha Nagar?

The stamp duty for properties in Vivekanandha Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Uthiramerur Sub Registrar Office located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.