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Guideline Value

Corporate

Guideline Value for Vignesh Avenue (Vignesh Nagar)

₹400/sq.ft.

The guideline value for Vignesh Avenue (vignesh Nagar) in Somangalam_b village (Sriperumpudur SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Somangalam_b

Village

Sriperumpudur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Vignesh Avenue (vignesh Nagar)

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Vignesh Avenue (Vignesh Nagar) guideline value

The current guideline value of Vignesh Avenue (Vignesh Nagar) is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Somangalam_B village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Vignesh Avenue (Vignesh Nagar) has changed

The guideline value for Vignesh Avenue (Vignesh Nagar) has seen several revisions over the years. The most recent revisions show that the guideline value was Rs 400 per sq.ft in both 2023 and 2024, indicating no change between these two years. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, which reflects a significant increase of 49% leading up to 2023.

From 2017 to 2024, the overall change in the guideline value is also +49%, as the value remained stable at Rs 400 per sq.ft from 2023 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Vignesh Avenue (Vignesh Nagar) above this median at Rs 400 per sq.ft.

Stamp duty and registration fee for property in Vignesh Avenue (Vignesh 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, bringing the total to Rs 36,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Vignesh Avenue (Vignesh Nagar)?

The Sub Registrar Office that covers Vignesh Avenue (Vignesh 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 information.

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

The guideline value plays a crucial role in the registration process of properties in Somangalam_B. It is the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property in this area.

When a property is sold, the guideline value is used to determine the official value for registration purposes, ensuring that all transactions are recorded accurately and transparently. This helps maintain a standard across property transactions within the region.

Frequently asked questions

What is the current guideline value for Vignesh Avenue (Vignesh Nagar)?

The current guideline value for Vignesh Avenue (Vignesh 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 stable at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

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

Other streets in Somangalam_B include Vikram Colony at Rs 350 per sq.ft, Thoiba Garden - II, Thoiba Garden I, and Thoiba Garden all at Rs 250 per sq.ft, and Thiruvallur Road and Thillai Nagar both at Rs 200 per sq.ft as of 2024.

How is the stamp duty calculated for property in Vignesh Avenue (Vignesh Nagar)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for Vignesh Avenue (Vignesh Nagar)?

The Sub Registrar Office for Vignesh Avenue (Vignesh Nagar) is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about this office through the provided link.