Guideline Value for VISHWAK GOLD CITY

Vishwak Gold City guideline value

The current guideline value of Vishwak Gold City is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village under the Padappai SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Vishwak Gold City has changed

The guideline value for Vishwak Gold City has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value across these streets is Rs 1,650 per sq.ft, which is equal to the guideline value of Vishwak Gold City.

• V.M. Garden: Rs 1,650 per sq.ft (2024)
• V.M.Garden Phase -II: Rs 1,330 per sq.ft (2024)
• V.M. Garden - S.No.505: Rs 990 per sq.ft (2024)
• Vimal Nagar: Rs 1,650 per sq.ft (2024)
• Vijay Nagar Extn: Rs 1,320 per sq.ft (2024)
• Vijaya Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Vishwak Gold City

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, bringing the total cost for these fees to 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 also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vishwak Gold City?

The Sub Registrar Office that covers Vishwak Gold City is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Varadarajapuram. It serves as the benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost involved in the transaction. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vishwak Gold City?

The current guideline value of Vishwak Gold City is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, representing a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Vishwak Gold City?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Vishwak Gold City?

The Padappai Sub Registrar Office covers Vishwak Gold City, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

Where can I find more information about guideline values in Varadarajapuram?

For more information about guideline values in Varadarajapuram, you can refer to the Registration Department's guideline value register or consult the local Sub Registrar Office.