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 property is located in Vallancheri 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. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. This was a decrease of 33%. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Vishnupriya Priya Avenue Ninnakarai is 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)
• 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 amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of 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 Vallancheri

The guideline value is a crucial factor in property transactions in Vallancheri. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration of property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty, which is typically a percentage of the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized across the region.

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 increased 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 of Vishnupriya Priya Avenue Ninnakarai?

Vishnupriya Priya Avenue Ninnakarai is classified as Residential Special Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Vallancheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is typically a percentage of this amount, along with a registration fee that is also based on the guideline value.