Guideline Value for VISHNU NAGAR

Vishnu Nagar guideline value

The current guideline value of Vishnu Nagar, located in Azhakoor village under the Sriperumpudur SRO, is Rs 100 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vishnu Nagar has changed

The guideline value for Vishnu Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. This figure remained unchanged in the 2017 revision, where the value was Rs 67 per sq.ft, indicating a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 100 per sq.ft. The 2023 revision also maintained this value as it transitioned into the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 100 per sq.ft.

Guideline values in Azhakoor

In Azhakoor village, there are 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 350 per sq.ft, with a median value of Rs 225 per sq.ft. Vishnu Nagar's 2024 guideline value is below this median.

• Vijaya Nagar: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 200 per sq.ft (2024)
• Sri Sundararaja Perumal City: Rs 200 per sq.ft (2024)
• Sri Selva Vingnesh Nagar: Rs 300 per sq.ft (2024)
• Sriradi Sai Nagar: Rs 300 per sq.ft (2024)
• Srimathi Sankar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. 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 Vishnu Nagar?

The Sub Registrar Office that covers 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 Azhakoor

The guideline value is a crucial factor in the registration process of property transactions in Azhakoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vishnu Nagar?

The current guideline value of Vishnu Nagar 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 decrease to Rs 67 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What is the land classification for Vishnu Nagar?

The land classification for Vishnu Nagar is Residential Class III Type - I.

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

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

How is the stamp duty calculated for properties in Vishnu Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 7,000.