Guideline Value for VISHNUPRIYA PRIYA AVENUE NINNAKARAI

Vishnupriya Priya Avenue Ninnakarai guideline value

The current guideline value of Vishnupriya Priya Avenue Ninnakarai is Rs 1,651 per sq.ft, effective from 1 July 2024. This property is located in Potheri village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Vishnupriya Priya Avenue Ninnakarai has changed

The guideline value for Vishnupriya Priya Avenue Ninnakarai has seen several revisions over the years. In the 2012 revision, the guideline 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. Following this, the value increased significantly in the 2023 revision to Rs 1,500 per sq.ft, and again rose to Rs 1,651 per sq.ft in the 2024 revision.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The change from the 2023 to the 2024 revision reflects a 10% increase. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri has a total of 129 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, positioning Vishnupriya Priya Avenue Ninnakarai above this median.

• Vivekananthar Street (Ward-21): Rs 660 per sq.ft (2024)
• V.O.C Street (Ward-20): Rs 880 per sq.ft (2024)
• Viknarajapuram Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• White Town Villas: Rs 2,200 per sq.ft (2024)
• Vijayalakshmi Nagar (Ward-21): Rs 770 per sq.ft (2024)
• Vijayalakshmi Nagar Vallancheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnupriya Priya Avenue Ninnakarai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,651 per sq.ft, the total guideline value amounts to Rs 16,51,000. The stamp duty at 7% would be Rs 1,15,570, and the registration fee at 2% would be Rs 33,020, bringing the total fees to Rs 1,48,590. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vishnupriya Priya Avenue Ninnakarai?

The Sub Registrar Office that covers Vishnupriya Priya Avenue Ninnakarai 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 further assistance.

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

The guideline value is a crucial factor when registering property in Potheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the necessary fees, which are typically based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vishnupriya Priya Avenue Ninnakarai?

The current guideline value of Vishnupriya Priya Avenue Ninnakarai is Rs 1,651 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 1,651 per sq.ft in 2024.

What is the land classification for Vishnupriya Priya Avenue Ninnakarai?

The land classification for Vishnupriya Priya Avenue Ninnakarai is Residential Special Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,51,000, the stamp duty would be Rs 1,15,570 and the registration fee would be Rs 33,020, totaling Rs 1,48,590.

Which office handles property registration for Vishnupriya Priya Avenue Ninnakarai?

The Chengleput Joint II Sub Registrar Office handles property registration for Vishnupriya Priya Avenue Ninnakarai, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.