Guideline Value for VIVEKANDA NAGAR

Vivekanda Nagar guideline value

The current guideline value of Vivekanda Nagar, located in Anumanthaputhari village under the Chengleput Joint I SRO, is Rs 1,650 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class V Type - I land classification.

How the guideline value of Vivekanda Nagar has changed

The guideline value for Vivekanda Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. However, the value rebounded significantly in the 2023 revision to Rs 1,500 per sq.ft, and then further increased to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Anumanthaputhari

Anumanthaputhari village has a range of guideline values across its 11 streets under the Chengleput Joint I SRO, with values ranging from Rs 1,650 to Rs 3,025 per sq.ft. The median value for these streets is Rs 3,025 per sq.ft, placing Vivekanda Nagar's 2024 figure below that median.

• Varadharaji Nagar: Rs 3,025 per sq.ft (2024)
• Varadaraj Nagar: Rs 3,025 per sq.ft (2024)
• T.V.Tower Road: Rs 1,655 per sq.ft (2024)
• Old Gst Road 2: Rs 3,025 per sq.ft (2024)
• Old Gst Road 1: Rs 3,025 per sq.ft (2024)
• Nadutheru: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vivekanda Nagar?

The Vivekanda Nagar area falls under the Chengleput Joint I 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 Anumanthaputhari

The guideline value plays a crucial role during the registration of property transactions in Anumanthaputhari. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vivekanda Nagar?

The current guideline value of Vivekanda Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Anumanthaputhari?

Other streets in Anumanthaputhari include Varadharaji Nagar, Varadaraj Nagar, T.V.Tower Road, Old Gst Road 1, Old Gst Road 2, and Nadutheru, with values ranging from Rs 1,655 to Rs 3,025 per sq.ft in 2024.

What fees are associated with buying property in Vivekanda Nagar?

When purchasing property in Vivekanda Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Chengleput Joint I Sub Registrar Office covers Vivekanda Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.