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_B village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Vishnupriya Nagar has changed

Over the years, the guideline value for Vishnupriya Nagar has seen several revisions. The 2017 revision recorded a value of Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains this value of Rs 400 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains the same at 49%, reflecting the stability in the guideline value since 2023.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which aligns with the current value of Vishnupriya Nagar.

• Victory Nagar: Rs 400 per sq.ft (2024)
• Victoria Town: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 400 per sq.ft (2024)
• Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Velavan Nagar: Rs 200 per sq.ft (2024)
• Velalar street: Rs 300 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 would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid penalties. The registration office will use the guideline value to calculate the applicable fees, ensuring that the transaction is compliant with local regulations.

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?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 400 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Vishnupriya Nagar?

The land classification for Vishnupriya Nagar is Residential Special Type - II, indicating its designated use for residential purposes.

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, within the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a total fee of Rs 36,000.