Guideline Value for Vivekanandar Nagar Annex

Vivekanandar Nagar Annex guideline value

The current guideline value of Vivekanandar Nagar Annex in Attanthangal village is Rs 550 per sq.ft, effective from 1 July 2024. This property falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Vivekanandar Nagar Annex has changed

The guideline value for Vivekanandar Nagar Annex has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. The next revision in 2023 saw a significant increase to Rs 500 per sq.ft, followed by another increase to Rs 550 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 83%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Vivekanandar Nagar Annex below this median.

• Vijaya Garden: Rs 440 per sq.ft (2024)
• Veerapandi Nagar: Rs 440 per sq.ft (2024)
• Throwbathiamman Nagar: Rs 550 per sq.ft (2024)
• Thiruvallur Nedunchalai: Rs 880 per sq.ft (2024)
• TATA Nagar: Rs 550 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanandar Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which totals Rs 38,500, and the registration fee is 2%, amounting to Rs 11,000. Together, the total cost for these fees is Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vivekanandar Nagar Annex?

The Vivekanandar Nagar Annex 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 details.

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

The guideline value plays a crucial role in property transactions in Attanthangal. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must refer to the guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is considered to ensure that the transaction is documented at a value recognized by the authorities. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Vivekanandar Nagar Annex?

The current guideline value of Vivekanandar Nagar Annex is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 83% over this period.

What are the stamp duty and registration fees for property in Vivekanandar Nagar Annex?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Vivekanandar Nagar Annex?

The Redhills Sub Registrar Office handles registrations for Vivekanandar Nagar Annex, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What classification does Vivekanandar Nagar Annex fall under?

Vivekanandar Nagar Annex is classified as Residential Class II Type - I, indicating its designation for residential use within the area.