Guideline Value for VIVEKANDAR NAGAR EXTENSION

Vivekandar Nagar Extension guideline value

The current guideline value of Vivekandar Nagar Extension is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Vivekandar Nagar Extension has changed

The guideline value for Vivekandar Nagar Extension has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and finally rose to Rs 3,300 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but then increased by 49% from 2017 to 2023. The current guideline value of Rs 3,300 per sq.ft represents a 10% increase from the 2023 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. Vivekandar Nagar Extension's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Vivekandar Nagar: Rs 3,300 per sq.ft (2024)
• V.O.C. Street: Rs 2,900 per sq.ft (2024)
• V.I.P Avenue Extension: Rs 2,900 per sq.ft (2024)
• V.I.P. Avenue: Rs 2,900 per sq.ft (2024)
• Vinoba Nagar: Rs 2,700 per sq.ft (2024)
• Wood Row Manor Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekandar Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Therefore, the total cost for stamp duty and registration fees would be Rs 2,97,000. Please 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 details.

Which Sub Registrar Office covers Vivekandar Nagar Extension?

The Vivekandar Nagar Extension is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Chitthalapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Chitthalapakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vivekandar Nagar Extension?

The current guideline value of Vivekandar Nagar Extension is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Vivekandar Nagar Extension?

The land classification for Vivekandar Nagar Extension is Residential Special Type - III.

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

Other streets in Chitthalapakkam include Vivekandar Nagar, V.O.C. Street, V.I.P Avenue Extension, V.I.P. Avenue, Vinoba Nagar, and Wood Row Manor Street, with guideline values ranging from Rs 2,700 to Rs 3,300 per sq.ft.

Where can I find the Sub Registrar Office for Vivekandar Nagar Extension?

The Sub Registrar Office for Vivekandar Nagar Extension is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.