Guideline Value for VISHWA AVENUE

Vishwa Avenue guideline value

The current guideline value of Vishwa Avenue, located in Sirupinayoor, Thiruvanthavar, Perungazhi village, is Rs 100 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Salavakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Vishwa Avenue has changed

Over the years, the guideline value of Vishwa Avenue has seen several revisions. In 2012, the guideline value was set at Rs 100 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Following this, the value increased significantly to Rs 100 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023. However, there was no change from 2023 to 2024, maintaining the value at Rs 100 per sq.ft.

It is important to note that there are no recorded figures for Vishwa Avenue in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 100 per sq.ft.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor, Thiruvanthavar, Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft, with a median value of Rs 150 per sq.ft. Vishwa Avenue's 2024 guideline value is below this median.

• Vr Promotors Thendral Nagar: Rs 100 per sq.ft (2024)
• Vsr Nagar: Rs 426 per sq.ft (2024)
• Vvip Nagar: Rs 150 per sq.ft (2024)
• Welcome City: Rs 100 per sq.ft (2024)
• Welcome City Part-I: Rs 100 per sq.ft (2024)
• Wood Creek: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vishwa Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,00,000, the stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vishwa Avenue?

The Sub Registrar Office that covers Vishwa Avenue is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a critical factor when buying or selling property in Sirupinayoor, Thiruvanthavar, Perungazhi. It determines the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair price. This value is used to calculate stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When a buyer approaches the registration office, the guideline value will be referenced to ascertain the applicable fees. It is important for buyers and sellers to be aware of this value to ensure compliance with local regulations and avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Vishwa Avenue?

The current guideline value of Vishwa Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 67 per sq.ft in 2017. There was a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

What is the land classification for Vishwa Avenue?

Vishwa Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Vishwa Avenue?

For a 1,000 sq.ft plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which Sub Registrar Office handles registrations for Vishwa Avenue?

The Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone, covers Vishwa Avenue.