Guideline Value for Vishnu Priya Avenue

Vishnu Priya Avenue guideline value

The current guideline value of Vishnu Priya Avenue is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Kayirambedu village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Vishnu Priya Avenue has changed

The guideline value for Vishnu Priya Avenue has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 300%. However, it decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value then increased again to Rs 1,000 per sq.ft in 2023, and finally, it reached Rs 1,001 per sq.ft in 2024, showing no change from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Vishnu Priya Avenue's 2024 figure above that median.

• Vinayaka Nagar: Rs 700 per sq.ft (2024)
• Vijay Avenue: Rs 700 per sq.ft (2024)
• Venus Nagar: Rs 500 per sq.ft (2024)
• Venkat Avenue: Rs 2,389 per sq.ft (2024)
• Vasanthapuram: Rs 700 per sq.ft (2024)
• Vaishnavi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnu Priya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total charges Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vishnu Priya Avenue?

The Sub Registrar Office that covers Vishnu Priya Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations and to calculate the necessary fees.

When purchasing property, the guideline value helps establish the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue through stamp duty, which is calculated based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vishnu Priya Avenue?

The current guideline value of Vishnu Priya Avenue is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 300% over this period.

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

Other streets in Kayirambedu include Vinayaka Nagar and Vijay Avenue, both at Rs 700 per sq.ft, Venus Nagar at Rs 500 per sq.ft, Venkat Avenue at Rs 2,389 per sq.ft, and Vasanthapuram and Vaishnavi Nagar, both at Rs 700 per sq.ft.

What is the registration fee for property in Vishnu Priya Avenue?

The registration fee for property in Vishnu Priya Avenue is calculated based on the guideline value. For example, for a plot valued at Rs 10,01,000, the registration fee would be Rs 20,020.

Where can I find the Sub Registrar Office for Vishnu Priya Avenue?

The Chengleput Joint II Sub Registrar Office covers Vishnu Priya Avenue and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.