Guideline Value for VIP ENCLAVE

Vip Enclave guideline value

The current guideline value of Vip Enclave in Ninna Karai village is Rs 1,760 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Vip Enclave has changed

The guideline value for Vip Enclave has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,600 per sq.ft, and the most recent 2024 revision set it at Rs 1,760 per sq.ft. Notably, the revisions for 2002, 2003, and 2007 do not have figures recorded for this street.

Between the revisions, significant changes were observed. From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The 2023 to 2024 revision reflects a 10% increase, resulting in an overall increase of 10% from the 2012 revision to the 2024 revision.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Vip Enclave's 2024 guideline value above this median.

• Vishnupriya Avenue Phase -I: Rs 1,650 per sq.ft (2024)
• Vishnupriya Avenue Phase -II: Rs 1,650 per sq.ft (2024)
• Vishnupriya Avenue Phase -III: Rs 1,650 per sq.ft (2024)
• Vishnupriya Avenue (Ward -2): Rs 1,650 per sq.ft (2024)
• Vivekananda Nagar (Ward -18): Rs 1,100 per sq.ft (2024)
• Villiery Palayam (Ward -15): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Vip Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vip Enclave?

Vip Enclave is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial reference for property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is used to calculate the necessary fees, ensuring that the transaction is documented accurately and in compliance with local regulations. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Vip Enclave?

The current guideline value of Vip Enclave is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions: Rs 1,600 per sq.ft in 2012, Rs 1,072 per sq.ft in 2017, Rs 1,600 per sq.ft in 2023, and finally Rs 1,760 per sq.ft in 2024.

What is the land classification for Vip Enclave?

Vip Enclave is classified as Residential Special Type - III, which is significant for determining its usage and value.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

What is the stamp duty rate for properties in Vip Enclave?

The stamp duty rate for properties in Vip Enclave is 7% of the guideline value or the sale price, whichever is higher.