Guideline Value for Vigneshwara Nagar Bharathiyar Street

Vigneshwara Nagar Bharathiyar Street guideline value

The current guideline value of Vigneshwara Nagar Bharathiyar Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Vigneshwara Nagar Bharathiyar Street has changed

The guideline value for Vigneshwara Nagar Bharathiyar Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 3,600 per sq.ft. This was followed by a decrease to Rs 2,412 per sq.ft in 2017. Subsequently, the guideline value increased to Rs 3,600 per sq.ft in 2023, and finally, it rose to Rs 3,960 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, when comparing the figures from 2012 to 2024, there has been a total increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, which is the same as the current value for Vigneshwara Nagar Bharathiyar Street.

• Vigneshwara Nagar Cholan Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Ganga kaveri 1st Cross Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Ganga Kaveri 2nd Cross Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Ganga Kaveri Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Kattabomman Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Vigneshwara Nagar Bharathiyar Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, making the total charges Rs 3,56,400. 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 Vigneshwara Nagar Bharathiyar Street?

The Sub Registrar Office that covers Vigneshwara Nagar Bharathiyar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Porur. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable charges. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vigneshwara Nagar Bharathiyar Street?

The current guideline value of Vigneshwara Nagar Bharathiyar Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, marking a 10% increase. It was Rs 2,412 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification for Vigneshwara Nagar Bharathiyar Street?

The land classification for Vigneshwara Nagar Bharathiyar Street is Residential Special Type - I.

Which office handles property registrations for this street?

The Kunrathur Sub Registrar Office handles property registrations for Vigneshwara Nagar Bharathiyar Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 3,56,400.