Guideline Value for Vigneshwara Nagar Vallal Pari Street

Vigneshwara Nagar Vallal Pari Street guideline value

The current guideline value of Vigneshwara Nagar Vallal Pari Street is Rs 3,960 per sq.ft. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Vigneshwara Nagar Vallal Pari Street has changed

Over the years, the guideline value for Vigneshwara Nagar Vallal Pari Street has seen several revisions. The most recent revision in 2024 set the value at Rs 3,960 per sq.ft, an increase from Rs 3,600 per sq.ft in 2023, marking a change of +10%. Looking further back, the value was Rs 2,412 per sq.ft in 2017, which reflects a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 3,600 per sq.ft, but this represented a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that there are no registered figures for the years 2002, 2003, and 2007 for this street. The 2012 and 2017 revisions show a fluctuation in values, while the current value of Rs 3,960 per sq.ft aligns with the trend observed in the recent revisions.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value of these streets is Rs 3,960 per sq.ft, which is the same as the guideline value for Vigneshwara Nagar Vallal Pari Street. Below are other streets in Porur with their respective guideline values:

• Vigneshwara Nagar Vaigai Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar VOC Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Seethakathi Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Pandian Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Pallavan Street: 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 Vallal Pari 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, and the registration fee at 2% would be Rs 79,200, bringing the total cost for these fees to 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 further calculations.

Which Sub Registrar Office covers Vigneshwara Nagar Vallal Pari Street?

The Vigneshwara Nagar Vallal Pari Street falls under the jurisdiction of 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 is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Vigneshwara Nagar Vallal Pari Street?

The current guideline value for Vigneshwara Nagar Vallal Pari 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, a +10% increase. It was Rs 2,412 per sq.ft in 2017, which increased by +49% to the 2023 figure.

What is the land classification for Vigneshwara Nagar Vallal Pari Street?

Vigneshwara Nagar Vallal Pari Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registration for properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 3,56,400 for fees.