Guideline Value for Vignesh Nagar

Vignesh Nagar guideline value

The current guideline value of Vignesh Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Vignesh Nagar has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% increase over the six-year period. The 2024 revision also maintains the guideline value at Rs 700 per sq.ft, showing no change from the previous year.

For the years 2002, 2003, 2007, and 2012, the register has no figure for Vignesh Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Vignesh Nagar.

• V.G.P Santhosh Nagar: Rs 700 per sq.ft (2024)
• V.G.P Santhosapuram Part I: Rs 700 per sq.ft (2024)
• V.G.P Ramanujar Town: Rs 700 per sq.ft (2024)
• V.G.P. Ramanjar Nagar I II III: Rs 700 per sq.ft (2024)
• Vijaya Sankara Nagar: Rs 700 per sq.ft (2024)
• VGP Chakra Town: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vignesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 details.

Which Sub Registrar Office covers Vignesh Nagar?

The Sub Registrar Office that covers 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 Sriperumbudur A

The guideline value is a critical factor in the registration of property transactions in Sriperumbudur A. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Vignesh Nagar?

The current guideline value of Vignesh Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, with no change in 2024. Overall, this represents a 49% increase from 2017 to 2024.

What are the other streets with the same guideline value in Sriperumbudur A?

Several other streets in Sriperumbudur A also have a guideline value of Rs 700 per sq.ft in 2024, including V.G.P Santhosh Nagar, V.G.P Santhosapuram Part I, and V.G.P Ramanujar Town, among others.

Where is the Sub Registrar Office for Vignesh Nagar located?

The Sub Registrar Office for Vignesh Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions in Vignesh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,00,000, leading to a stamp duty of Rs 49,000.