Guideline Value for Vishnupriya Nagar

Vishnupriya Nagar guideline value

The current guideline value of Vishnupriya Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vallam village under the Sriperumpudur SRO, classified as Residential Special Type - II.

How the guideline value of Vishnupriya Nagar has changed

Over the years, the guideline value of Vishnupriya Nagar has seen several revisions. The 2007 revision set the value at Rs 75 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, the value dropped to Rs 268 per sq.ft in 2017, before stabilizing at Rs 400 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2007 to 2012 was a remarkable 433%. Overall, from 2007 to 2024, the guideline value has increased by 433%.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 200 per sq.ft. Vishnupriya Nagar's current figure of Rs 400 per sq.ft is above this median.

• Victoria Town: Rs 200 per sq.ft (2024)
• Velavan Nagar: Rs 200 per sq.ft (2024)
• Velalar street: Rs 300 per sq.ft (2024)
• Vallakottai Velavan Nagar Extension: Rs 601 per sq.ft (2024)
• Vallakottai Velavan Nagar: Rs 200 per sq.ft (2024)
• Vallakottai Murugan Nagar: Rs 200 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vishnupriya Nagar?

The Sub Registrar Office covering 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 information.

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

The guideline value plays a crucial role in property transactions in Vallam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This ensures that the transaction is recorded accurately and complies with the legal requirements set forth by the state.

When selling a property, the guideline value helps in setting a baseline for negotiations and can influence the final sale price. Buyers and sellers should be aware of the current guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Vishnupriya Nagar?

The current guideline value of Vishnupriya Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 400 per sq.ft in both 2023 and 2024. It was Rs 268 per sq.ft in 2017, and Rs 400 per sq.ft in 2012, with earlier values being Rs 75 per sq.ft in 2007.

What is the land classification of Vishnupriya Nagar?

Vishnupriya Nagar is classified as Residential Special Type - II. This classification is important for understanding the zoning regulations and permissible uses of the land.

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

For a property valued at the guideline rate of Rs 400 per sq.ft, the total stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Vishnupriya Nagar?

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