Guideline Value for VISWANATHANPURAM

Viswanathanpuram guideline value

The current guideline value of Viswanathanpuram is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village under the Selaiyur SRO, classified as Mixed Type - II land.

How the guideline value of Viswanathanpuram has changed

The guideline value for Viswanathanpuram has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 2,500 per sq.ft. This value decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, the value saw a significant increase to Rs 2,500 per sq.ft in 2023, and then further rose to the current value of Rs 2,700 per sq.ft in 2024, reflecting an increase of 8% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengaivasal

In Vengaivasal village, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Viswanathanpuram.

• Vishwanathapuram: Rs 2,700 per sq.ft (2024)
• Vishvanathanagar: Rs 2,700 per sq.ft (2024)
• Visalakshi Nagar: Rs 2,700 per sq.ft (2024)
• V.S. Naidu Nagar: Rs 2,200 per sq.ft (2024)
• Vinayaga Nagar Part-I: Rs 2,750 per sq.ft (2024)
• Yafa Springs: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Viswanathanpuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Viswanathanpuram?

The Sub Registrar Office that covers Viswanathanpuram is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Vengaivasal

The guideline value is a crucial factor when buying or selling property in Vengaivasal, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the legal value of the property. Buyers and sellers must be aware of this value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Viswanathanpuram?

The current guideline value of Viswanathanpuram is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the other streets in Vengaivasal with their guideline values?

Other streets in Vengaivasal include Vishwanathapuram, Vishvanathanagar, Visalakshi Nagar, V.S. Naidu Nagar, Vinayaga Nagar Part-I, and Yafa Springs, with values ranging from Rs 2,200 to Rs 3,700 per sq.ft in 2024.

What fees are associated with buying property in Viswanathanpuram?

When buying property in Viswanathanpuram, stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Viswanathanpuram?

The Sub Registrar Office for Viswanathanpuram is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.