Guideline Value for VIVEKANANTHAR STREET (WARD-21)

Vivekananthar Street (Ward-21) guideline value

The current guideline value of Vivekananthar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Vivekananthar Street (Ward-21) has changed

The guideline value for Vivekananthar Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 600 per sq.ft. Prior to that, the 2017 revision was Rs 402 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision was Rs 600 per sq.ft, showing a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the earliest available figure is from the 2012 revision.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Vivekananthar Street (Ward-21) at Rs 660 per sq.ft is below this median.

• Vishnupriya Priya Avenue Ninnakarai: Rs 1,650 per sq.ft (2024)
• V.O.C Street (Ward-20): Rs 880 per sq.ft (2024)
• Viknarajapuram Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Yerikkarai Street (Ward -1): Rs 440 per sq.ft (2024)
• Vijayalakshmi Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Vijayalakshmi Nagar Vallancheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekananthar Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. It is important to note that the 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 Vivekananthar Street (Ward-21)?

The Sub Registrar Office that covers Vivekananthar Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Konathi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to assess the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to be informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vivekananthar Street (Ward-21)?

The current guideline value of Vivekananthar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, representing a 10% increase. From 2017 to 2023, it increased by 49%, and from 2012 to 2017, it decreased by 33%.

What is the land classification for Vivekananthar Street (Ward-21)?

Vivekananthar Street (Ward-21) is classified as Residential Class II Type - I.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for property in Vivekananthar Street (Ward-21)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft has a guideline value of Rs 6,60,000, resulting in a stamp duty of Rs 46,200 at 7%.