Guideline Value for Viswasanthi Nagar

Viswasanthi Nagar guideline value

The current guideline value of Viswasanthi Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Viswasanthi Nagar has changed

The guideline value for Viswasanthi Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 335 per sq.ft. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, maintaining the same rate in the 2024 revision, showing a 49% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has remained at Rs 500 per sq.ft, indicating stability in the value since the 2012 revision. The 2023 to 2024 revision shows no change, maintaining the current rate of Rs 500 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Viswasanthi Nagar's guideline value above this median.

• Vinayaga nagar: Rs 300 per sq.ft (2024)
• Vijayalakshmi Town: Rs 402 per sq.ft (2024)
• Vijayalakshmi Nagar Part - I: Rs 402 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 402 per sq.ft (2024)
• Vijaya Avenue: Rs 300 per sq.ft (2024)
• Vetchi Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Viswasanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Viswasanthi Nagar?

The Sub Registrar Office that covers Viswasanthi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established value rather than the sale price.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can impact the total expenses involved in the property transfer.

Frequently asked questions

What is the current guideline value of Viswasanthi Nagar?

The current guideline value of Viswasanthi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. There were no figures for the years 2002, 2003, and 2007.

What is the median guideline value in Ponthoor?

The median guideline value in Ponthoor for 2024 is Rs 300 per sq.ft. Viswasanthi Nagar's guideline value is above this median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,00,000, the total fees would amount to Rs 45,000.

Where can I find the Sub Registrar Office for Viswasanthi Nagar?

The Sub Registrar Office for Viswasanthi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information online.