Guideline Value for Viswanathapuram

Viswanathapuram guideline value

The current guideline value for Viswanathapuram, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Viswanathapuram has changed

The guideline value for Viswanathapuram has undergone several revisions over the years. In 2002, the guideline value was Rs 78 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007, marking a change of +321%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting an increase of +510%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a decline of -33%. The guideline value saw a substantial increase again, rising to Rs 2,000 per sq.ft in 2023, with no change from the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by +2464%. It is important to note that the register has no figure for this street in 2003.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing the guideline value of Viswanathapuram above this median.

• Yamuna Nagar: Rs 1,000 per sq.ft (2024)
• Vijaya Nagar: Rs 1,000 per sq.ft (2024)
• Zion Nagar: Rs 1,500 per sq.ft (2024)
• Venkateswara Nagar Part-I: Rs 2,000 per sq.ft (2024)
• Veerabagu Nagar Extn: Rs 2,000 per sq.ft (2024)
• Veerabagu Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Viswanathapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Viswanathapuram?

The Sub Registrar Office that covers Viswanathapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, 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 Nandhivaram

The guideline value is an important factor in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Viswanathapuram?

The current guideline value of Viswanathapuram is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 78 per sq.ft in 2002 to Rs 2,000 per sq.ft in 2024, representing an overall increase of +2464%.

What are the other streets in Nandhivaram and their guideline values?

Other streets in Nandhivaram include Yamuna Nagar and Vijaya Nagar at Rs 1,000 per sq.ft, Zion Nagar at Rs 1,500 per sq.ft, and Venkateswara Nagar, Veerabagu Nagar, and Veerabagu Nagar Extn at Rs 2,000 per sq.ft.

How is stamp duty calculated for properties in Viswanathapuram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 20,00,000 would incur a stamp duty of Rs 1,40,000.

Where can I find the Sub Registrar Office for Viswanathapuram?

The Sub Registrar Office for Viswanathapuram is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.