Guideline Value for VISHNUPRIYA AVENUE (WARD -2)

Vishnupriya Avenue (Ward -2) guideline value

The current guideline value for Vishnupriya Avenue (Ward -2) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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 (Ward -2) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 1,500 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 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 1,100 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 550 per sq.ft (2024)
• Villier Street Sattamangalam (Ward -15): Rs 550 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 would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, these fees would total Rs 1,48,500. 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 the stamp duty and registration fee calculator.

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

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

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

The guideline value is an essential factor in the registration process when buying or selling property in Peramanoor. 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 registered, the guideline value is considered to ensure that the correct fees are applied. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value for 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 several times, starting from Rs 1,500 per sq.ft in 2012, dropping to Rs 1,005 per sq.ft in 2017, then rising to Rs 1,500 per sq.ft in 2023, and finally reaching Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Vishnupriya Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

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

The Chengleput Joint II Sub Registrar Office covers Vishnupriya Avenue (Ward -2), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Vishnupriya Avenue?

Vishnupriya Avenue is classified as Residential Special Type - IV, indicating its designated use within the local planning framework.