Guideline Value

Corporate

Guideline Value for Vivekananda Nagar

₹1100/sq.ft.

The guideline value for Vivekananda Nagar in Pazhanthandalam village (Padappai SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhanthandalam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Vivekananda Nagar guideline value

The current guideline value of Vivekananda Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Vivekananda Nagar has changed

The guideline value for Vivekananda Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pazhanthandalam

Pazhanthandalam village has a total of 57 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft, with the median value being Rs 1,100 per sq.ft. Vivekananda Nagar's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in Vivekananda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekananda Nagar?

The Vivekananda Nagar area falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Pazhanthandalam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Vivekananda Nagar?

The current guideline value of Vivekananda Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the other streets in Pazhanthandalam?

Other streets in Pazhanthandalam include Vinayaga Nagar, Vasanthi Nagar, Thai Thillai Nagar, Thai Kanniyammal Nagar Extension III, Thai Kanniyammal Nagar, and Tasiowa Industrial Park Phase II, with varying guideline values.

What is the registration fee for property in Vivekananda Nagar?

The registration fee for property in Vivekananda Nagar is calculated based on the guideline value. For example, a property valued at Rs 11,00,000 would incur a registration fee of Rs 22,000 at 2%.

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

The Sub Registrar Office covering Vivekananda Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.