Guideline Value for Vishnu Garden

Vishnu Garden guideline value

The current guideline value of Vishnu Garden is Rs 201 per sq.ft, effective from 1 July 2024. This area is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Class II Type - IV.

How the guideline value of Vishnu Garden has changed

The guideline value for Vishnu Garden has remained consistent over the years. The 2017 revision recorded a value of Rs 201 per sq.ft, which was also the figure for the subsequent 2023 revision. The most recent 2024 revision continues this trend, maintaining the same value of Rs 201 per sq.ft, indicating no percentage change from 2023 to 2024.

Prior to these revisions, the register has no figures for the years 2002, 2003, 2007, and 2012. Therefore, the only revisions available are from 2017, 2023, and 2024, all showing the same guideline value of Rs 201 per sq.ft.

Guideline values in Arani

In Arani village, there are 51 streets under the Arani_Tiruvallur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Vishnu Garden's current guideline value is below this median.

• Vinayagar Koil Street: Rs 500 per sq.ft (2024)
• Vanniyar Street: Rs 300 per sq.ft (2024)
• Thutta Street: Rs 300 per sq.ft (2024)
• Thulukar Street: Rs 350 per sq.ft (2024)
• Thottakara Street: Rs 500 per sq.ft (2024)
• Thelungu Colony: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnu Garden

For a 1,000 sq.ft plot at the current rate of Rs 201 per sq.ft, the guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, totaling Rs 18,090. 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 details.

Which Sub Registrar Office covers Vishnu Garden?

The Vishnu Garden area falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Arani, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value for taxation purposes.

During registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the buyer and seller adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Vishnu Garden?

The current guideline value of Vishnu Garden is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Vishnu Garden from 2017 to 2024, as it has consistently remained at Rs 201 per sq.ft.

What are the guideline values for other streets in Arani?

In Arani, other streets have varying guideline values. For example, Vinayagar Koil Street is Rs 500 per sq.ft, while Thelungu Colony is Rs 200 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same amount.

Where is the Sub Registrar Office for Vishnu Garden located?

The Sub Registrar Office covering Vishnu Garden is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.