Guideline Value for Vianayaga Nagar

Vianayaga Nagar guideline value

The current guideline value of Vianayaga Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vianayaga Nagar has changed

Over the years, the guideline value of Vianayaga Nagar has seen several revisions. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. In 2017, this value decreased to Rs 268 per sq.ft, marking a decline of 33%. However, the guideline value increased significantly to Rs 400 per sq.ft in 2023 and remained unchanged in the 2024 revision, reflecting a 49% increase from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, as the value returned to Rs 400 per sq.ft.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value across these streets is Rs 402 per sq.ft, indicating that Vianayaga Nagar's 2024 figure is slightly below this median.

• Vinayaka Nagar Extension: Rs 400 per sq.ft (2024)
• Thulakkanathamman Koil Street: Rs 100 per sq.ft (2024)
• Theruveethi Amman Koil Street: Rs 100 per sq.ft (2024)
• Tambaram Kanchipuram Road: Rs 900 per sq.ft (2024)
• Sowntharapandiyan Nagar: Rs 800 per sq.ft (2024)
• Sindhu Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vianayaga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vianayaga Nagar?

The Vianayaga Nagar area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Karasangal. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is considered as a baseline for calculating the necessary fees. It is essential to refer to the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vianayaga Nagar?

The current guideline value of Vianayaga Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a notable decrease to Rs 268 per sq.ft in 2017 and an increase back to Rs 400 per sq.ft in 2023.

What are the other streets in Karasangal with their guideline values?

Other streets in Karasangal include Vinayaka Nagar Extension at Rs 400 per sq.ft, Thulakkanathamman Koil Street and Theruveethi Amman Koil Street at Rs 100 per sq.ft, Tambaram Kanchipuram Road at Rs 900 per sq.ft, Sowntharapandiyan Nagar at Rs 800 per sq.ft, and Sindhu Nagar at Rs 700 per sq.ft.

What is the registration fee for properties in Vianayaga Nagar?

The registration fee for properties in Vianayaga Nagar is calculated based on the guideline value. For example, for a property valued at Rs 4,00,000, the registration fee would be Rs 8,000 at a rate of 2%.

Which office do I need to visit for property registration in Vianayaga Nagar?

The property registration for Vianayaga Nagar is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.