Guideline Value for VISHNUPRIYA AVENUE PHASE -II

Vishnupriya Avenue Phase -II guideline value

The current guideline value of Vishnupriya Avenue Phase -II is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Ninna Karai village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - IV.

How the guideline value of Vishnupriya Avenue Phase -II has changed

The guideline value for this street has seen several revisions over the years. The 2007 revision set the value at Rs 980 per sq.ft. In the following years, there were no figures recorded for the revisions in 2002, 2003, 2012, and 2017. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

From 2007 to 2023, the guideline value increased by 53%, and overall, from 2007 to 2024, it has risen by 68%. This reflects the changes in property valuation in the area over the years.

Guideline values in Ninna Karai

Ninna Karai has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Vishnupriya Avenue Phase -II above that median.

• Vishnupriya Avenue Phase -I: 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)
• 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 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnupriya Avenue Phase -II

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, making the total fees together Rs 1,48,500. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vishnupriya Avenue Phase -II?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vishnupriya Avenue Phase -II?

The current guideline value of Vishnupriya Avenue Phase -II is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 980 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 68% from 2007 to 2024.

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

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 this area?

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

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, and Vishnupriya Avenue Phase -II's guideline value is above this median.