Guideline Value for Vishnu Street

Vishnu Street guideline value

The current guideline value of Vishnu Street, located in Pozhichalur village, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification and is registered with the Pammal SRO.

How the guideline value of Vishnu Street has changed

The guideline value for Vishnu Street has seen significant changes over the years. In the 2017 revision, the value was Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 shows a further increase to Rs 1,100 per sq.ft, marking a 10% rise from the previous year. Notably, the overall increase from 2017 to 2024 is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. This lack of data means that the guideline value has been established only from the revisions in 2017, 2023, and 2024.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in the village is Rs 1,320 per sq.ft, indicating that Vishnu Street's 2024 figure is below this median.

• Vivekanthar Street: Rs 1,100 per sq.ft (2024)
• VOC Street (12): Rs 1,100 per sq.ft (2024)
• VOC Street (6): Rs 1,100 per sq.ft (2024)
• Vinayaga Nagar: Rs 1,650 per sq.ft (2024)
• Viman Nagar: Rs 2,200 per sq.ft (2024)
• V.V.Giri Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vishnu Street?

The Sub Registrar Office that covers Vishnu Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value plays a crucial role in property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees payable when buying or selling property. The guideline value is assessed by the government and is intended to reflect the market conditions in the area.

When a property is registered, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vishnu Street?

The current guideline value of Vishnu Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Vishnu Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations in Pozhichalur?

The Pammal Sub Registrar Office is responsible for property registrations in Pozhichalur, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined?

The guideline value is determined by the government and is based on various factors including land classification and market conditions in the area. It is updated periodically to reflect changes in the real estate market.