Guideline Value for VISHNUPRIYA AVENUE (WARD -2)

Vishnupriya Avenue (Ward -2) guideline value

The current guideline value of Vishnupriya Avenue (Ward -2) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO and is classified as Residential Special Type - IV.

How the guideline value of Vishnupriya Avenue (Ward -2) has changed

The guideline value for Vishnupriya Avenue has undergone several revisions over the years. In the 2012 revision, the value was Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 1,500 per sq.ft, and then further rose to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value saw a decline of 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, placing Vishnupriya Avenue's 2024 figure above this median.

• Vip Enclave: Rs 1,760 per sq.ft (2024)
• Vivekananda Nagar (Ward -18): Rs 661 per sq.ft (2024)
• V.O.C Street (Ward -8): Rs 1,320 per sq.ft (2024)
• V.O.Sithamparanar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Villiery Palayam (Ward -15): Rs 440 per sq.ft (2024)
• Villier Street Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnupriya Avenue (Ward -2)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vishnupriya Avenue (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Vishnupriya Avenue (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Panangottur. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are recorded at a fair value in the eyes of the law.

When registering a property, 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, ensuring that all transactions are transparent and properly documented.

Frequently asked questions

What is the current guideline value of Vishnupriya Avenue (Ward -2)?

The current guideline value of Vishnupriya Avenue (Ward -2) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Vishnupriya Avenue (Ward -2)?

Vishnupriya Avenue (Ward -2) is classified as Residential Special Type - IV.

What are the other streets in Panangottur and their guideline values?

Other streets in Panangottur include Vip Enclave at Rs 1,760 per sq.ft, Vivekananda Nagar (Ward -18) at Rs 661 per sq.ft, and V.O.C Street (Ward -8) at Rs 1,320 per sq.ft, among others.

Where can I find the Sub Registrar Office for Vishnupriya Avenue (Ward -2)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.