Guideline Value for Vishnupriya Nagar

Vishnupriya Nagar guideline value

The current guideline value of Vishnupriya Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Navaloor village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Vishnupriya Nagar has changed

The guideline value for Vishnupriya Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 40 per sq.ft, which increased significantly to Rs 150 per sq.ft in the 2012 revision. However, in the 2017 revision, it was adjusted to Rs 100 per sq.ft, marking a decrease of 33%. The value remained at Rs 150 per sq.ft through the 2023 revision, and it has not changed in the 2024 revision, maintaining the same rate.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 275%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,100 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Vishnupriya Nagar is below this median.

• Vimal Nagar: Rs 300 per sq.ft (2024)
• Vanniyar Street: Rs 150 per sq.ft (2024)
• Thirupathi Nagar: Rs 300 per sq.ft (2024)
• Sriperumpudur Royal Lands Co-Op Maha Nagar: Rs 610 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 450 per sq.ft (2024)
• Sivam Nagar Part -II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vishnupriya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total cost for these charges to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vishnupriya Nagar?

The Sub Registrar Office that covers Vishnupriya 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 Navaloor

The guideline value is a crucial factor when registering property transactions in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property in Vishnupriya Nagar, the guideline value will be used to calculate the applicable charges. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Vishnupriya Nagar?

The current guideline value of Vishnupriya Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then decreased to Rs 100 per sq.ft in 2017, and remained at Rs 150 per sq.ft in both 2023 and 2024.

What is the land classification for Vishnupriya Nagar?

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

What are the stamp duty rates applicable in Vishnupriya Nagar?

The stamp duty rate applicable in Vishnupriya Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Vishnupriya Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.