Guideline Value for Vishnu Nagar 4th Street

Vishnu Nagar 4th Street guideline value

The current guideline value of Vishnu Nagar 4th Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vishnu Nagar 4th Street has changed

Over the years, the guideline value of Vishnu Nagar 4th Street has seen several revisions. The 2012 revision set the value at Rs 2,100 per sq.ft, which then decreased to Rs 1,407 per sq.ft in the 2017 revision. Following this, the guideline value increased significantly to Rs 2,100 per sq.ft in the 2023 revision, and then rose again to Rs 2,310 per sq.ft in the 2024 revision, marking a 10% increase from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is equal to the current guideline value of Vishnu Nagar 4th Street.

• Vishnu Nagar Extn II: Rs 1,980 per sq.ft (2024)
• Vishnu Nagar: Rs 2,640 per sq.ft (2024)
• Vivekananda Street: Rs 2,640 per sq.ft (2024)
• Vivek Nagar: Rs 1,980 per sq.ft (2024)
• Vivek Nagar Extension: Rs 1,320 per sq.ft (2024)
• V.N.Apartments: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnu Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, making the total fees Rs 2,07,900. 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 fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vishnu Nagar 4th Street?

The Sub Registrar Office that covers Vishnu Nagar 4th Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Perungalathur. It serves as a reference for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vishnu Nagar 4th Street?

The current guideline value of Vishnu Nagar 4th Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then increased to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What is the land classification of Vishnu Nagar 4th Street?

Vishnu Nagar 4th Street is classified as Residential Class II Type - I.

Where can I find the registration office for Vishnu Nagar 4th Street?

The registration office for Vishnu Nagar 4th Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for property in Vishnu Nagar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,61,700.