Guideline Value for Vigneshwara Nagar Kattabomman Street

Vigneshwara Nagar Kattabomman Street guideline value

The current guideline value of Vigneshwara Nagar Kattabomman 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 Kattabomman Street has changed

The guideline value for Vigneshwara Nagar Kattabomman Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, but this was reduced to Rs 2,412 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,600 per sq.ft in the 2023 revision, and then to Rs 3,960 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 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, with the median value being Rs 3,960 per sq.ft. The guideline value of Vigneshwara Nagar Kattabomman Street aligns with this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200, bringing the total to Rs 3,56,400. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vigneshwara Nagar Kattabomman Street?

The Sub Registrar Office that covers Vigneshwara Nagar Kattabomman 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 in property transactions, as it determines the minimum value at which properties can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When you buy or sell property in Porur, the guideline value ensures that the transaction is recorded at a fair price, reflecting the value of the property in the local market. This helps maintain transparency in real estate transactions and ensures compliance with regulatory requirements.

Frequently asked questions

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

The current guideline value of Vigneshwara Nagar Kattabomman 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, which is a 10% increase. It was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012.

What is the land classification for Vigneshwara Nagar Kattabomman Street?

Vigneshwara Nagar Kattabomman Street is classified as Residential Special Type - I. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 and the registration fee would be Rs 79,200, totaling Rs 3,56,400. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vigneshwara Nagar Kattabomman Street?

The Sub Registrar Office for Vigneshwara Nagar Kattabomman Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles property registrations in the area.