Guideline Value for VISWANATHAPURAM 1ST STREET

Viswanathapuram 1st Street guideline value

The current guideline value of Viswanathapuram 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Viswanathapuram 1st Street has changed

The guideline value for Viswanathapuram 1st Street has seen several revisions over the years. The earliest recorded revision was in 2003, with a guideline value of Rs 1,194 per sq.ft. This figure increased to Rs 1,650 per sq.ft in 2007, reflecting a change of +38%. In 2012, the value rose significantly to Rs 6,500 per sq.ft, marking an increase of +294%. However, it then dropped to Rs 4,355 per sq.ft in 2017, which was a decrease of -33%. The value rose again to Rs 6,500 per sq.ft in 2023, and most recently to Rs 7,100 per sq.ft in 2024, indicating a +9% increase.

Overall, from 2003 to 2024, the guideline value has increased by +495%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value across these streets is Rs 5,800 per sq.ft, placing the guideline value of Viswanathapuram 1st Street above this median.

• Viswanathapuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Viswanathapuram 3rd Street: Rs 7,100 per sq.ft (2024)
• Viswanathapuram Extension: Rs 7,100 per sq.ft (2024)
• Viswanathan Street: Rs 6,300 per sq.ft (2024)
• Viswanathapuram Main Road: Rs 8,800 per sq.ft (2024)
• Virai Pallam: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Viswanathapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Viswanathapuram 1st Street?

The Sub Registrar Office that covers Viswanathapuram 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor when it comes to the registration of properties in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value helps in assessing the financial implications of the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Viswanathapuram 1st Street?

The current guideline value of Viswanathapuram 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,194 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, marking an overall increase of +495%.

What are the other streets in Puliyur with similar guideline values?

Other streets in Puliyur with similar guideline values include Viswanathapuram 2nd Street, Viswanathapuram 3rd Street, and Viswanathapuram Extension, all at Rs 7,100 per sq.ft for 2024.

What is the stamp duty for properties in Viswanathapuram 1st Street?

The stamp duty for properties in Viswanathapuram 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.