Guideline Value for Sri Vishnu Nagar

Sri Vishnu Nagar guideline value

The current guideline value of Sri Vishnu Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village under the Sriperumpudur SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Sri Vishnu Nagar has changed

Over the years, the guideline value for Sri Vishnu Nagar has seen several revisions. The 2017 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. The most recent revision in 2024 has also set the value at Rs 150 per sq.ft, showing no change from the previous year. The register has no figures for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2017 to 2024, the increase remains at 50% as well, with the current rate reflecting this change.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Vishnu Nagar's guideline value of Rs 150 per sq.ft is below this median.

• Sri Sornaprabu Nagar: Rs 200 per sq.ft (2024)
• Sri Ram Nagar: Rs 150 per sq.ft (2024)
• Temple Town: Rs 400 per sq.ft (2024)
• Thideer Nagar: Rs 200 per sq.ft (2024)
• Thideer Nagar 1st Street: Rs 200 per sq.ft (2024)
• Thideer Nagar Cross Street: Rs 150 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 Vallam_B

The guideline value is a crucial factor when registering property transactions in Vallam_B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Vishnu Nagar?

The current guideline value of Sri Vishnu Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, while it increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase overall from 2017 to 2024.

What is the land classification of Sri Vishnu Nagar?

Sri Vishnu Nagar falls under the Residential Class IV Type - I land classification.

How do the guideline values in Vallam_B compare?

In Vallam_B, the guideline values range from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Vishnu Nagar's guideline value is below this median at Rs 150 per sq.ft.

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.