Guideline Value for VISHWAPRIYA NAGAR

Vishwapriya Nagar guideline value

The current guideline value of Vishwapriya Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Nayakkankuppam village under the Walajabad SRO and is classified as Residential Class I Type - III.

How the guideline value of Vishwapriya Nagar has changed

The guideline value for Vishwapriya Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a lower value of Rs 100 per sq.ft, marking a decrease of 33% from the previous figure. The 2024 revision has brought the value back to Rs 150 per sq.ft, resulting in an overall change of 0% from 2012 to 2024.

From 2017 to 2023, there was a significant increase of 50%, bringing the value to Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nayakkankuppam

Nayakkankuppam consists of 23 streets under the Walajabad SRO, with 2024 guideline values ranging from Rs 150 to Rs 403 per sq.ft. The median value for these streets is Rs 200 per sq.ft, positioning Vishwapriya Nagar's current guideline value below this median.

• Tirumalai Nagar: Rs 250 per sq.ft (2024)
• Thiru Sai Garden: Rs 250 per sq.ft (2024)
• Sri Vetrivel Nagar: Rs 200 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Sai Township: Rs 150 per sq.ft (2024)
• Sri Ragavendira Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vishwapriya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total costs together to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vishwapriya Nagar?

The Sub Registrar Office that covers Vishwapriya Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nayakkankuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vishwapriya Nagar?

The current guideline value of Vishwapriya Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft in the 2012 and 2023 revisions, while it was Rs 100 per sq.ft in 2017. The overall change from 2012 to 2024 is 0%.

What are the guideline values for other streets in Nayakkankuppam?

Other streets in Nayakkankuppam have varying guideline values, with rates ranging from Rs 150 to Rs 403 per sq.ft. The median value for these streets is Rs 200 per sq.ft.

What fees are associated with buying property in Vishwapriya Nagar?

When buying property in Vishwapriya Nagar, you will incur stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Vishwapriya Nagar?

The Sub Registrar Office for Vishwapriya Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.