Guideline Value for Vianayagapuri

Vianayagapuri guideline value

The current guideline value of Vianayagapuri, located in Nallur village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Vianayagapuri has changed

Over the years, the guideline value for Vianayagapuri has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. However, the value increased by 50% to Rs 250 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Consequently, the only revisions with recorded figures are from 2012, 2017, 2023, and 2024.

Guideline values in Nallur

Nallur village features a variety of guideline values across its 33 streets under the Sriperumpudur SRO. The 2024 guideline values range from Rs 126 to Rs 700 per sq.ft, with the median value being Rs 250 per sq.ft. Vianayagapuri's 2024 figure aligns perfectly with this median value.

• Vignesh Nagar: Rs 350 per sq.ft (2024)
• VSS CBI OFFICERS COLONY Phase - 7: Rs 350 per sq.ft (2024)
• VSS CBI Police Officers Colony: Rs 350 per sq.ft (2024)
• Thirupathy Nagar: Rs 175 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 350 per sq.ft (2024)
• Sri Sastha Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Vianayagapuri

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vianayagapuri?

The Sub Registrar Office that covers Vianayagapuri is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the property registration process in Nallur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold, ensuring that all transactions are documented according to the established values set by the government.

When engaging in a property transaction, the buyer and seller must refer to the current guideline value to understand the financial implications of the sale. This value serves as a benchmark for calculating the necessary fees, which must be paid to complete the registration process legally.

Frequently asked questions

What is the current guideline value of Vianayagapuri?

The current guideline value of Vianayagapuri is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with Rs 250 per sq.ft in 2012, decreasing to Rs 167 per sq.ft in 2017, and then returning to Rs 250 per sq.ft in 2023 and 2024.

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

Other streets in Nallur have varying guideline values ranging from Rs 126 to Rs 700 per sq.ft. For example, Vignesh Nagar, VSS CBI OFFICERS COLONY Phase - 7, and others have values set at Rs 350 per sq.ft in 2024.

What are the stamp duty and registration fees in Vianayagapuri?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles registrations for Vianayagapuri?

The Sriperumpudur Sub Registrar Office handles registrations for Vianayagapuri, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.