Guideline Value for VISHNU GARDENS

Vishnu Gardens guideline value

The current guideline value of Vishnu Gardens is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Siruthamoor village and falls under the Salavakkam SRO. The land classification is Residential Class I Type - I.

How the guideline value of Vishnu Gardens has changed

The guideline value for Vishnu Gardens has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The 2017 revision saw a decrease to Rs 67 per sq.ft, marking a 33% drop from the 2012 figure. From 2017 to 2023, the value increased by 49%, returning to Rs 100 per sq.ft.

The most recent revision in 2024 maintained the guideline value at Rs 100 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Siruthamoor

Currently, there are no specific guideline values provided for other streets in Siruthamoor under the Salavakkam SRO. The only available rate for Vishnu Gardens is Rs 100 per sq.ft as of the 2024 revision.

Stamp duty and registration fee for property in Vishnu Gardens

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Vishnu Gardens?

The Sub Registrar Office that covers Vishnu Gardens is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Siruthamoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When buying or selling property, it is essential to consider the guideline value as it can influence the overall transaction cost. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which may affect their financial planning.

Frequently asked questions

What is the current guideline value of Vishnu Gardens?

The current guideline value of Vishnu Gardens is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a drop to Rs 67 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What is the stamp duty for property in Vishnu Gardens?

The stamp duty for property in Vishnu Gardens is 7% of the guideline value. For a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Where is the Sub Registrar Office for Vishnu Gardens located?

The Salavakkam Sub Registrar Office covers Vishnu Gardens and is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is charged on the higher of the guideline value or the sale price, impacting the overall costs for buyers and sellers.