Guideline Value for Vivekanandar Street

Vivekanandar Street guideline value

The current guideline value of Vivekanandar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification is Residential Class II Type - I.

How the guideline value of Vivekanandar Street has changed

The guideline value for Vivekanandar Street has undergone several revisions over the years. In 2002, the guideline value was Rs 442 per sq.ft, which increased to Rs 483 per sq.ft in 2003. The next significant revision occurred in 2007, where the value jumped to Rs 1,100 per sq.ft. Following this, the value saw a substantial increase in 2012, reaching Rs 4,000 per sq.ft. However, in 2017, it decreased to Rs 2,680 per sq.ft. The value then rose again to Rs 4,000 per sq.ft in 2023 before reaching the current figure of Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 895%. The register has no figure for the years between 2012 and 2017, and there are no other revisions for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Vivekanandar Street.

• Vitalachari Street: Rs 2,750 per sq.ft (2024)
• Vinoba Street: Rs 3,300 per sq.ft (2024)
• V.P.Dasarathan Street: Rs 3,300 per sq.ft (2024)
• V.V.Koil Street: Rs 3,300 per sq.ft (2024)
• Vijayaraghavapuram Main Road: Rs 2,750 per sq.ft (2024)
• Vijayaraghavapuram 8th Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanandar Street

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. 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 Vivekanandar Street?

The Vivekanandar Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

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

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. Accurate knowledge of the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vivekanandar Street?

The current guideline value of Vivekanandar Street 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 significantly from Rs 442 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 895% over the years.

What is the land classification for Vivekanandar Street?

The land classification for Vivekanandar Street is Residential Class II Type - I.

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

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.

Which Sub Registrar Office covers Vivekanandar Street?

The Virugambakkam Sub Registrar Office covers Vivekanandar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.