Guideline Value for VISHNUPRIYA PRIYA AVENUE NINNAKARAI

Vishnupriya Priya Avenue Ninnakarai guideline value

The current guideline value of Vishnupriya Priya Avenue Ninnakarai is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village, under the Chengleput Joint II SRO, with a land classification of 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. The earliest available figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. In 2023, the guideline value increased to Rs 1,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The current guideline value reflects a 10% increase from the previous year, 2023. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. Vishnupriya Priya Avenue Ninnakarai's guideline value of Rs 1,650 per sq.ft is above this median.

• Vivekananthar Street (Ward-21): Rs 660 per sq.ft (2024)
• V.O.C Street (Ward-20): Rs 881 per sq.ft (2024)
• Viknarajapuram Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Vijayalakshmi Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Vijayalakshmi Nagar Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Yerikkarai Street (Ward -1): Rs 440 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 1,650 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.

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

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, 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 Thailavaram

The guideline value is an essential factor when registering property transactions in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When you buy or sell property, the guideline value helps to establish a fair basis for taxation and ensures that the transaction is recorded accurately. It is crucial to consider the guideline value alongside the sale price, as the higher amount will be used for calculating the applicable duties and fees.

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 1,650 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 Priya Avenue Ninnakarai?

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

What are the registration fees for property in Vishnupriya Priya Avenue Ninnakarai?

For a 1,000 sq.ft plot at the current guideline value, the total registration fees would be Rs 1,48,500, which includes stamp duty and registration fees.

Which office handles registrations for Vishnupriya Priya Avenue Ninnakarai?

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