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_C village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kari Vinayagar Nagar has changed

Over the years, the guideline value for Kari Vinayagar Nagar has seen several revisions. The most recent revision in 2024 maintained the guideline value at Rs 200 per sq.ft, which was the same as the 2023 revision. Prior to this, in 2017, the guideline value was Rs 134 per sq.ft, indicating a significant increase of 49% from 2017 to 2023.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Kari Vinayagar Nagar's 2024 figure is below this median.

• Kayathiri Nagar: Rs 550 per sq.ft (2024)
• Kalasethra Avenue: Rs 500 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Kaivalyam Nagar: Rs 550 per sq.ft (2024)
• Kumaran nagar: Rs 550 per sq.ft (2024)
• Jeyandran Nagar: Rs 400 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 would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers Kari Vinayagar Nagar?

The Sub Registrar Office that covers 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_C

The guideline value is a crucial factor when registering property transactions in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

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 it increased by 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the guideline values of other streets in Vadakal_C?

Other streets in Vadakal_C have varying guideline values, ranging from Rs 150 to Rs 1,500 per sq.ft, with the median being Rs 400 per sq.ft. Kari Vinayagar Nagar's value is below this median.

What fees are associated with buying property in Kari Vinayagar Nagar?

When buying property in Kari Vinayagar Nagar, you will need to pay stamp duty at 7% and a registration fee at 2% based on the higher of the guideline value or the sale price.

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, Chengalpattu registration zone.