Guideline Value for VILLA VIVIANA

Villa Viviana guideline value

The current guideline value of Villa Viviana in Sengundram - 1 village is Rs 1,540 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Mixed Type - III land.

How the guideline value of Villa Viviana has changed

The guideline value for Villa Viviana has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, which is an increase from Rs 1,400 per sq.ft in the 2023 revision, reflecting a change of +10%. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024. The previous revisions do not provide any figures for Villa Viviana, indicating a lack of recorded values in those years.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for the area is Rs 880 per sq.ft, placing Villa Viviana's 2024 figure above this median.

• Villiyar Paint Company Road (Chen): Rs 1,320 per sq.ft (2024)
• Vinayagar Kovil Street (Chen): Rs 660 per sq.ft (2024)
• Venkateswara Nagar (Krishna Foundation): Rs 1,100 per sq.ft (2024)
• Vandipalaiyathamman Koil Street (Chen): Rs 660 per sq.ft (2024)
• Vagrathunda Nagar (Chen): Rs 660 per sq.ft (2024)
• Thulir: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Villa Viviana

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty, charged at 7%, would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800. Together, the total cost for stamp duty and registration fee would be Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Villa Viviana?

Villa Viviana is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that all legal fees are calculated accurately. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Villa Viviana?

The current guideline value of Villa Viviana is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Villa Viviana increased from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, marking a change of +10%. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Sengundram - 1?

In Sengundram - 1, the guideline values for other streets range from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. Villa Viviana's value is above this median.

How is stamp duty calculated for Villa Viviana?

Stamp duty for Villa Viviana is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total stamp duty amounts to Rs 1,07,800.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.