Guideline Value for Kari Vinayagar Nagar

Kari Vinayagar Nagar guideline value

The current guideline value of Kari Vinayagar Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kari Vinayagar Nagar has changed

The guideline value for Kari Vinayagar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which remained unchanged at Rs 200 per sq.ft during the 2023 revision. The most recent 2024 revision also maintains the guideline value at Rs 200 per sq.ft, showing no increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has also increased by 49%. The lack of change in the most recent revisions indicates stability in the guideline value for this area.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Kari Vinayagar Nagar is below this median.

• Kayathiri Nagar: Rs 550 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Kaivalyam Nagar: Rs 500 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kari Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. 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 Kari Vinayagar Nagar?

The Sub Registrar Office covering Kari Vinayagar 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 Vadakal_B

The guideline value is a crucial factor during property transactions in Vadakal_B, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation. This ensures that both parties are aware of the official value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Kari Vinayagar Nagar?

The current guideline value of Kari Vinayagar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, and increased by 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Kari Vinayagar Nagar?

Kari Vinayagar Nagar is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kari Vinayagar Nagar?

The Sub Registrar Office for Kari Vinayagar Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kari Vinayagar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 2,00,000, the stamp duty at 7% would amount to Rs 14,000.