Guideline Value for VISWAROOP

Viswaroop guideline value

The current guideline value of Viswaroop, located in Kattavakkam village under the Walajabad SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Viswaroop has changed

Over the years, the guideline value for Viswaroop has seen several revisions. The 2012 revision set the value at Rs 550 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 550 per sq.ft. However, the 2017 revision marked a significant increase to Rs 368 per sq.ft, representing a 49% rise from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall guideline value remained stable at Rs 550 per sq.ft. The latest revision in 2024 maintained the same rate as the previous year, indicating no change from 2023 to 2024.

Guideline values in Kattavakkam

Kattavakkam village features 19 streets under the Walajabad SRO, with guideline values ranging from Rs 300 to Rs 800 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Viswaroop's 2024 figure above this median.

• Un Named Layout Survey No:380/3,4, 392: Rs 350 per sq.ft (2024)
• Un Named Layout Survey No:377/2,1a1, 417/1,3: Rs 400 per sq.ft (2024)
• Unick Garden: Rs 400 per sq.ft (2024)
• Thirumalai Nagar: Rs 300 per sq.ft (2024)
• Sri Kalaivani Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Viswaroop

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which totals Rs 38,500, while the registration fee at 2% amounts to Rs 11,000. Together, these fees total Rs 49,500. 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 Viswaroop?

The Walajabad Sub Registrar Office covers Viswaroop, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Kattavakkam. It serves as the basis for calculating the stamp duty and registration fees during the property registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Viswaroop?

The current guideline value of Viswaroop is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 550 per sq.ft since 2012, with a notable increase to Rs 368 per sq.ft in 2017. The value did not change from 2023 to 2024.

What is the land classification of Viswaroop?

Viswaroop is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Viswaroop?

For a 1,000 sq.ft property at the guideline value of Rs 550 per sq.ft, the total guideline value is Rs 5,50,000. The stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500.

Which office handles property registration for Viswaroop?

The Walajabad Sub Registrar Office handles property registration for Viswaroop, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.