Guideline Value for Vivekananda Street, Chennai 82

Vivekananda Street, Chennai 82 guideline value

The current guideline value of Vivekananda Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under Ayanavaram village and is classified as Residential Class II Type - I, under the AnnaNagar SRO.

How the guideline value of Vivekananda Street, Chennai 82 has changed

The guideline value of Vivekananda Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, there was a decline to Rs 2,680 per sq.ft in 2017. Following this, the value rose to Rs 4,000 per sq.ft in 2023 and further increased to the current Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

In summary, from the 2017 revision to 2023, there was a considerable increase of 49%. The jump from 2007 to 2012 was a notable 233%, while the overall change from 2007 to 2024 stands at an impressive 267%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, positioning Vivekananda Street's 2024 figure below this median.

• VOC nagar: Rs 4,400 per sq.ft (2024)
• VOC nagar 2nd cross Street: Rs 4,400 per sq.ft (2024)
• VOC nagar 2nd street: Rs 4,400 per sq.ft (2024)
• VOC nagar 3rd cross Street: Rs 4,400 per sq.ft (2024)
• VOC nagar 3rd street: Rs 4,400 per sq.ft (2024)
• VOC nagar 4th cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekananda Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekananda Street, Chennai 82?

The Sub Registrar Office that covers Vivekananda Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is accurately reflected in official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Vivekananda Street, Chennai 82?

The current guideline value of Vivekananda Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for Vivekananda Street?

Vivekananda Street is classified as Residential Class II Type - I under the AnnaNagar SRO.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Vivekananda Street located?

The Sub Registrar Office for Vivekananda Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.