Guideline Value for Vianayaga Nagar

Vianayaga Nagar guideline value

The current guideline value of Vianayaga Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Mannoor 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 various revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 201 per sq.ft, followed by a significant increase to Rs 300 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value in Mannoor is Rs 250 per sq.ft, placing Vianayaga Nagar's 2024 figure above this median.

• Vijayalaxmi Nagar: Rs 500 per sq.ft (2024)
• Vetri Nagar: Rs 200 per sq.ft (2024)
• Veeralaxmi Nagar: Rs 250 per sq.ft (2024)
• Vairavar Nagar: Rs 200 per sq.ft (2024)
• Udhaya Dinesh Nagar: Rs 200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vianayaga Nagar?

The Sub Registrar Office that covers Vianayaga Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Mannoor. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the current market conditions and maintains transparency in property transactions.

Frequently asked questions

What is the current guideline value of Vianayaga Nagar?

The current guideline value of Vianayaga 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 seen several revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. The value decreased to Rs 201 per sq.ft in 2017 from Rs 300 in 2012, but it has remained stable at Rs 300 since then.

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

Other streets in Mannoor have varying guideline values, ranging from Rs 200 to Rs 500 per sq.ft. Notably, Vijayalaxmi Nagar has the highest value at Rs 500 per sq.ft.

What is the registration fee for property in Vianayaga Nagar?

The registration fee for property in Vianayaga Nagar is calculated based on the guideline value. For example, for a plot valued at Rs 3,00,000, the registration fee would be Rs 6,000 at a rate of 2%.

How is the stamp duty calculated in Mannoor?

Stamp duty in Mannoor is charged at a rate of 7% on the higher of the guideline value or the sale price of the property. This ensures that the appropriate duty is collected during the registration process.