Guideline Value for Vigneshwara Nagar

Vigneshwara Nagar guideline value

The current guideline value of Vigneshwara Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Vigneshwara Nagar has changed

The guideline value for Vigneshwara Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 600 per sq.ft, down from Rs 750 per sq.ft in 2023, marking a decrease of 20%. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2024 revision, the 2023 guideline value was Rs 750 per sq.ft. The changes from previous years are significant, as the 2024 figure is notably lower than the previous year's value. The register does not provide figures for earlier revisions, indicating a gap in available data for this street.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Vigneshwara Nagar's 2024 guideline value of Rs 600 per sq.ft is above this median.

• V.G.P. Chakra Town - II: Rs 600 per sq.ft (2024)
• V.G.P. Chakra Town - I: Rs 600 per sq.ft (2024)
• Vinobaji Street: Rs 150 per sq.ft (2024)
• Venkateswara nagar extn: Rs 250 per sq.ft (2024)
• Venkateswara Nagar: Rs 250 per sq.ft (2024)
• Venkatachalam Nagar Extn: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vigneshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total cost for these fees Rs 54,000. 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?

The Sub Registrar Office that covers Vigneshwara Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nemili_B. It is used to determine the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When you register a property, the guideline value is considered to ensure that the fees are calculated accurately. This value helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Vigneshwara Nagar?

The current guideline value of Vigneshwara Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2023 to Rs 600 per sq.ft in 2024, representing a decrease of 20%. The register has no figures for earlier revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Vigneshwara Nagar?

The land classification for Vigneshwara Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Vigneshwara Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vigneshwara Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 6,00,000 would incur a stamp duty of Rs 42,000 at 7%.