Guideline Value for Vigneshwara Nagar Annexe

Vigneshwara Nagar Annexe guideline value

The current guideline value of Vigneshwara Nagar Annexe is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Tharapakkam village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vigneshwara Nagar Annexe has changed

The guideline value for Vigneshwara Nagar Annexe has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, which represents a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tharapakkam

In Tharapakkam village, there are 47 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making Vigneshwara Nagar Annexe's current guideline value equal to this median.

• Vigneshwara Nagar: Rs 1,100 per sq.ft (2024)
• Vignesh Nagar: Rs 1,100 per sq.ft (2024)
• Victorial Nagar: Rs 1,100 per sq.ft (2024)
• Vgn Highland: Rs 3,575 per sq.ft (2024)
• Vellalar Street: Rs 1,100 per sq.ft (2024)
• Sri Krishna Garden: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vigneshwara Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vigneshwara Nagar Annexe?

The Sub Registrar Office that covers Vigneshwara Nagar Annexe is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Tharapakkam

The guideline value is a crucial factor in the registration of property transactions in Tharapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Vigneshwara Nagar Annexe?

The current guideline value of Vigneshwara Nagar Annexe is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the stamp duty for property in Vigneshwara Nagar Annexe?

The stamp duty for property in Vigneshwara Nagar Annexe is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What are the other streets in Tharapakkam with similar guideline values?

Other streets in Tharapakkam with a guideline value of Rs 1,100 per sq.ft include Vignesh Nagar, Victorial Nagar, and Vellalar Street, among others.