Guideline Value for Visveswaran Iyer Street

Visveswaran Iyer Street guideline value

The current guideline value of Visveswaran Iyer Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Visveswaran Iyer Street has changed

The guideline value for Visveswaran Iyer Street has remained stable at Rs 1,500 per sq.ft since the 2023 revision. Prior to that, in the 2017 revision, the guideline value was Rs 1,005 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Visveswaran Iyer Street's 2024 figure is equal to this median.

• Vivekanandar Avenue: Rs 1,500 per sq.ft (2024)
• V.O.C. Street: Rs 2,001 per sq.ft (2024)
• Venugopal Naidu Street: Rs 2,001 per sq.ft (2024)
• Vedhathiri Colony: Rs 2,001 per sq.ft (2024)
• Unnamalai Nagar: Rs 1,200 per sq.ft (2024)
• Thulakathaman kovil street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Visveswaran Iyer Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, resulting in a total of Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Visveswaran Iyer Street?

The Sub Registrar Office that covers Visveswaran Iyer Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Gooduvancheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is registered, the guideline value helps determine the official price at which the property is recorded. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Visveswaran Iyer Street?

The current guideline value of Visveswaran Iyer Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Visveswaran Iyer Street has seen a 49% increase from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2024. There were no figures available for the revisions in 2002, 2003, 2007, and 2012.

What are the other streets in Gooduvancheri with similar guideline values?

Other streets in Gooduvancheri with similar guideline values include Vivekanandar Avenue and Thulakathaman kovil street, both at Rs 1,500 per sq.ft in 2024.

What is the stamp duty rate for properties in Visveswaran Iyer Street?

The stamp duty rate for properties in Visveswaran Iyer Street is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration process.

Where is the Sub Registrar Office for Visveswaran Iyer Street located?

The Sub Registrar Office for Visveswaran Iyer Street is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.