Guideline Value for SRI VISHNU NAGAR

Sri Vishnu Nagar guideline value

The current guideline value of Sri Vishnu Nagar, located in Ponthoor village under the Sriperumpudur SRO, is Rs 600 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Sri Vishnu Nagar has changed

The guideline value for Sri Vishnu Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft. In the subsequent revisions, the value remained unchanged at Rs 600 per sq.ft for both 2023 and 2024. This indicates a significant increase of 49% from the 2017 revision to the 2023 revision, and the same percentage increase is observed when comparing the 2017 to the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only available figures are from 2017, 2023, and 2024, with the latter two showing no change between them.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,239 per sq.ft as of 2024. The median guideline value for these streets is Rs 300 per sq.ft, placing Sri Vishnu Nagar's 2024 value above this median.

• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Sterling Gateway: Rs 750 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)
• Suriya Gandhi Poo Street: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vishnu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vishnu Nagar?

The Sub Registrar Office covering Sri Vishnu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponthoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which must be paid by the buyer. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Vishnu Nagar?

The current guideline value of Sri Vishnu Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Vishnu Nagar was Rs 402 per sq.ft in 2017 and has remained at Rs 600 per sq.ft in both 2023 and 2024, reflecting a 49% increase from the 2017 figure.

What are the guideline values for other streets in Ponthoor?

Other streets in Ponthoor have guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, with Sri Vishnu Nagar's value being above this median.

What fees are associated with buying property in Sri Vishnu Nagar?

When buying property in Sri Vishnu Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Vishnu Nagar?

The Sub Registrar Office for Sri Vishnu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.