Guideline Value for VISWANATHA PURAM

Viswanatha Puram guideline value

The current guideline value of Viswanatha Puram, located in Anumandhapuram village under the Chengleput Joint II SRO, is Rs 401 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Viswanatha Puram has changed

The guideline value for Viswanatha Puram has seen several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017, which then increased to Rs 400 per sq.ft in 2023. The current revision for 2024 shows a slight increase to Rs 401 per sq.ft, indicating no percentage change from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value remains the same at Rs 400 per sq.ft, with the 2024 figure being slightly below the median value of Rs 402 per sq.ft for the 12 streets in Anumandhapuram.

Guideline values in Anumandhapuram

Anumandhapuram has a range of guideline values across its streets, with figures for 2024 varying from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 402 per sq.ft, making the guideline value for Viswanatha Puram slightly below this median. The following are the other streets in Anumandhapuram:

• V P Swamy Nagar: Rs 200 per sq.ft (2024)
• Veerabathira Nagar: Rs 401 per sq.ft (2024)
• Shridi Sai Nagar: Rs 402 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• M.M.Nagar: Rs 700 per sq.ft (2024)
• Kanaga Raman Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Viswanatha Puram

For a 1,000 sq.ft plot at the current rate of Rs 401 per sq.ft, the guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total fees to Rs 36,090. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Viswanatha Puram?

The Sub Registrar Office that covers Viswanatha Puram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Anumandhapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is crucial to understand that the guideline value serves as a benchmark for the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Viswanatha Puram?

The current guideline value of Viswanatha Puram is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then back to Rs 400 per sq.ft in 2023. The current value for 2024 is Rs 401 per sq.ft.

What is the land classification for Viswanatha Puram?

The land classification for Viswanatha Puram is Mixed Special Type - I.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for property in Viswanatha Puram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 4,01,000 would incur a stamp duty of Rs 28,070.