Guideline Value for Vishnu Nagar

Vishnu Nagar guideline value

The current guideline value of Vishnu Nagar, located in Perungalathur village under the Padappai SRO, is Rs 2,640 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Vishnu Nagar has changed

The guideline value for Vishnu Nagar has undergone several revisions over the years. In 2007, the guideline value was set at Rs 250 per sq.ft. This figure saw a substantial increase to Rs 2,100 per sq.ft in 2012, marking a change of +740%. The value remained unchanged at Rs 2,100 per sq.ft until the next revision in 2023, when it was raised to Rs 2,640 per sq.ft, reflecting an increase of +26%.

There are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +956%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Vishnu Nagar's 2024 figure above this median.

• Vishnu Nagar 4th Street: Rs 2,310 per sq.ft (2024)
• Vishnu Nagar Extn II: Rs 1,980 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total to Rs 2,37,600. 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 Nagar?

The Sub Registrar Office that covers Vishnu Nagar 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 information.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the guideline value may influence the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both buyers and sellers to be informed about the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vishnu Nagar?

The current guideline value of Vishnu Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 250 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, marking an overall increase of +956%.

What is the land classification of Vishnu Nagar?

Vishnu Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Vishnu Nagar?

The Padappai Sub Registrar Office covers Vishnu Nagar and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Vishnu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 26,40,000, the stamp duty at 7% would be Rs 1,84,800.