Guideline Value for Vigneshwara Nagar Ganga Kaveri Street

Vigneshwara Nagar Ganga Kaveri Street guideline value

The current guideline value of Vigneshwara Nagar Ganga Kaveri 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 is classified as Residential Special Type - I.

How the guideline value of Vigneshwara Nagar Ganga Kaveri Street has changed

The guideline value for Vigneshwara Nagar Ganga Kaveri Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was then reduced to Rs 2,412 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,600 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,960 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant rise of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value is Rs 3,960 per sq.ft, which is equal to the guideline value of Vigneshwara Nagar Ganga Kaveri Street.

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

Stamp duty and registration fee for property in Vigneshwara Nagar Ganga Kaveri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, while the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fee would be Rs 3,56,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vigneshwara Nagar Ganga Kaveri Street?

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

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

The guideline value is a crucial factor when registering property transactions in Porur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value must be considered to determine the financial obligations associated with the transaction. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vigneshwara Nagar Ganga Kaveri Street?

The current guideline value of Vigneshwara Nagar Ganga Kaveri 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 several times, with the most recent increase of 10% from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for Vigneshwara Nagar Ganga Kaveri Street in 2017 was Rs 2,412 per sq.ft, which was a decrease from Rs 3,600 per sq.ft in 2012.

Where can I find the registration office for this street?

The registration office covering Vigneshwara Nagar Ganga Kaveri Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would amount to Rs 2,77,200 at the current guideline value.