Guideline Value

Corporate

Guideline Value for Vivekananda Nagar

₹330/sq.ft.

The guideline value for Vivekananda Nagar in Pothur village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹11 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹107 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]
Records for a plot on Vivekananda Nagar

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Vivekananda Nagar guideline value

The current guideline value of Vivekananda Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Pothur village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vivekananda Nagar has changed

The guideline value of Vivekananda Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 107 per sq.ft, which then decreased to Rs 11 per sq.ft in 2003. Following this, there was a significant increase to Rs 100 per sq.ft in 2007, and then it rose sharply to Rs 300 per sq.ft in 2012. However, in 2017, the value dropped to Rs 201 per sq.ft. The most recent revisions show the guideline value increased to Rs 300 per sq.ft in 2023 and further to Rs 330 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 208%. The changes between the revisions are as follows: from 2002 to 2003, there was a decrease of 90%; from 2003 to 2007, an increase of 809%; from 2007 to 2012, an increase of 200%; from 2012 to 2017, a decrease of 33%; and from 2017 to 2023, an increase of 49%.

Guideline values in Pothur

In Pothur village, there are 98 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 550 per sq.ft. Vivekananda Nagar's 2024 figure is below 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total cost for these fees Rs 29,700. It is important to note that the 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 jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Pothur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in preventing undervaluation of properties, thereby safeguarding the interests of both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Vivekananda Nagar?

The current guideline value of Vivekananda Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 107 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, with various increases and decreases in between.

What are the other streets with guideline values in Pothur?

Other streets in Pothur have guideline values ranging from Rs 330 to Rs 2,000 per sq.ft, with the median value being Rs 550 per sq.ft.

How is stamp duty calculated for properties in Vivekananda Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100.

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

The Sub Registrar Office for Vivekananda Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.