Guideline Value for VISHNUPRIYA AVENUE PHASE -I

Vishnupriya Avenue Phase -I guideline value

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

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

The guideline value for Vishnupriya Avenue Phase -I has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,500 per sq.ft, which increased to Rs 1,650 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street. The current guideline value of Rs 1,650 per sq.ft reflects the latest update and is indicative of the value adjustments made in the recent revision cycle.

Guideline values in Ninna Karai

Ninna Karai village 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 area is Rs 1,100 per sq.ft, placing Vishnupriya Avenue Phase -I above this median.

• Vishnupriya Avenue Phase -II: 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 -I

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, these fees total Rs 1,48,500. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vishnupriya Avenue Phase -I?

The Sub Registrar Office that covers Vishnupriya Avenue Phase -I is the Chengleput Joint II Sub Registrar Office, 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 during 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, ensuring that all transactions are in compliance with local regulations.

When a property is sold, the guideline value helps in establishing the official value of the property for legal and taxation purposes. Buyers and sellers should be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of Vishnupriya Avenue Phase -I 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 2023 to Rs 1,650 per sq.ft in 2024, reflecting a +10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Vishnupriya Avenue Phase -I?

The land classification for Vishnupriya Avenue Phase -I is Residential Special Type - IV, indicating its intended use for residential purposes.

What is the registration fee for property in Vishnupriya Avenue Phase -I?

The registration fee for property transactions in Vishnupriya Avenue Phase -I is calculated based on the guideline value. For example, for a property valued at Rs 16,50,000, the registration fee at 2% would be Rs 33,000.

Where is the Sub Registrar Office for Vishnupriya Avenue Phase -I located?

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