Guideline Value for Vishnuprakash Nagar

Vishnuprakash Nagar guideline value

The current guideline value of Vishnuprakash Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This locality is part of Sriperumbudur A village, under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Vishnuprakash Nagar has changed

The guideline value for Vishnuprakash Nagar has seen several revisions over the years. The earliest available revision is from 2017, where the guideline value was Rs 469 per sq.ft. In the subsequent revisions, the value remained unchanged at Rs 700 per sq.ft in 2023 and again in 2024, indicating a 49% increase from the 2017 figure to the 2024 figure.

Between the 2023 and 2024 revisions, there was no change, with the guideline value remaining at Rs 700 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with the median value being Rs 700 per sq.ft. The guideline value for Vishnuprakash Nagar is equal to this median.

• Vinus garden: Rs 700 per sq.ft (2024)
• Vivekanandapuram: Rs 700 per sq.ft (2024)
• Vinayaga nagar: Rs 700 per sq.ft (2024)
• Vimala Nagar: Rs 700 per sq.ft (2024)
• V P Chatram: Rs 1,000 per sq.ft (2024)
• Vijaya Sankara Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnuprakash Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000. Together, these fees total Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vishnuprakash Nagar?

The Sub Registrar Office that covers Vishnuprakash Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Sriperumbudur A. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid to the government. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Vishnuprakash Nagar?

The current guideline value of Vishnuprakash Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and 2024, reflecting a 49% increase over that period.

What are the stamp duty and registration fees for property in Vishnuprakash Nagar?

For a 1,000 sq.ft plot valued at Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office is responsible for Vishnuprakash Nagar?

The Sriperumpudur Sub Registrar Office covers Vishnuprakash Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value determined for properties in Sriperumbudur A?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and local market conditions. It is regularly revised to reflect current values.