Guideline Value for Vishwa Garden Phase-I

Vishwa Garden Phase-I guideline value

The current guideline value of Vishwa Garden Phase-I is Rs 600 per sq.ft as per the 2024 revision, effective from 1 July 2024. This property is located in Thenmalpakkam village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Vishwa Garden Phase-I has changed

Since the 2002 revision, the guideline value for Vishwa Garden Phase-I has not been specified in the register for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 600 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision has also kept the guideline value steady at Rs 600 per sq.ft, indicating no percentage change across these years.

Overall, from the 2017 revision to the 2024 revision, the guideline value has remained constant with a 0% change. This consistency reflects the stable pricing in Vishwa Garden Phase-I over the last several years.

Guideline values in Thenmalpakkam

In Thenmalpakkam, there are eight streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Vishwa Garden Phase-I's 2024 figure above that median.

• Sri Sathiya Sai Nagar: Rs 550 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Sree Sainagar: Rs 350 per sq.ft (2024)
• Sendhur Murugan Avenue: Rs 300 per sq.ft (2024)
• Grace Garden: Rs 550 per sq.ft (2024)
• A.V.R.Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Vishwa Garden Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total charges to Rs 54,000. 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 Vishwa Garden Phase-I?

The Sub Registrar Office that covers Vishwa Garden Phase-I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thenmalpakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold. The guideline value ensures that properties are assessed at a standard rate, which helps in maintaining transparency in property transactions.

When buyers or sellers engage in a property transaction, the guideline value is referenced to calculate the applicable fees. This value is essential for both parties to understand the financial implications of the transaction, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Vishwa Garden Phase-I?

The current guideline value for Vishwa Garden Phase-I is Rs 600 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vishwa Garden Phase-I has remained at Rs 600 per sq.ft since the 2017 revision, with no changes noted in the subsequent revisions of 2023 and 2024.

What are the guideline values for other streets in Thenmalpakkam?

The guideline values for other streets in Thenmalpakkam range from Rs 300 to Rs 1,500 per sq.ft, with the median being Rs 550 per sq.ft. Vishwa Garden Phase-I's value is above this median.

What are the stamp duty and registration fees for Vishwa Garden Phase-I?

The stamp duty for Vishwa Garden Phase-I is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 54,000.

Where is the Sub Registrar Office for Vishwa Garden Phase-I located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.