Guideline Value for Vivekanantha Nagar Vaigai Street

Vivekanantha Nagar Vaigai Street guideline value

The current guideline value of Vivekanantha Nagar Vaigai Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of Vivekanantha Nagar Vaigai Street has changed

The guideline value for Vivekanantha Nagar Vaigai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it saw a remarkable increase of 49%. Overall, the guideline value has increased by 8% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in the village is Rs 2,400 per sq.ft, making the current value of Rs 2,700 per sq.ft for Vivekanantha Nagar Vaigai Street above the median.

• Vivekanantha Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Vivekanantha Street (Vivekanantha Nagar): Rs 2,700 per sq.ft (2024)
• Vivekanantha Nagar: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Extension: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Kanakambaram Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Lilli Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanantha Nagar Vaigai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vivekanantha Nagar Vaigai Street?

The Vivekanantha Nagar Vaigai Street is covered by the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established value of the property.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. The higher of the guideline value and the sale price is used to calculate the applicable duties and fees, thereby ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vivekanantha Nagar Vaigai Street?

The current guideline value of Vivekanantha Nagar Vaigai Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Vivekanantha Nagar Vaigai Street?

The land classification for Vivekanantha Nagar Vaigai Street is Residential Special Type - II.

What is the stamp duty for a property in Vivekanantha Nagar Vaigai Street?

The stamp duty for a property in Vivekanantha Nagar Vaigai Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.