Guideline Value for SAI VIGNESH NAGAR

Sai Vignesh Nagar guideline value

The current guideline value of Sai Vignesh Nagar is Rs 700 per sq.ft as per the 2023 revision. This area is located in Irulipattu village and falls under the Arani_Tiruvallur SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Sai Vignesh Nagar has changed

The guideline value for Sai Vignesh Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a change of +49% over the six-year period.

There are no figures available for the years 2002, 2003, 2007, 2012, and 2024 in the register for this street. Therefore, only the revisions from 2017 and 2023 are relevant for understanding the changes in the guideline value.

Guideline values in Irulipattu

Currently, no specific guideline values for other streets in Irulipattu are provided. The guideline value for Sai Vignesh Nagar sits at Rs 700 per sq.ft, reflecting the latest revision.

Stamp duty and registration fee for property in Sai Vignesh Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, which comes to Rs 49,000, and the registration fee at 2% amounts to Rs 14,000. Together, the total cost for stamp duty and registration fee is Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Vignesh Nagar?

The Sub Registrar Office that covers Sai Vignesh Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irulipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable fees. This means that the stamp duty and registration fees are based on the higher of the guideline value or the actual sale price, which ensures compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Sai Vignesh Nagar?

The current guideline value of Sai Vignesh Nagar is Rs 700 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 469 per sq.ft to the 2023 revision of Rs 700 per sq.ft, the guideline value has increased by +49% over six years.

Are there any guideline values for other streets in Irulipattu?

Currently, there are no specific guideline values available for other streets in Irulipattu.

What are the stamp duty and registration fees for a property in Sai Vignesh Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles the registration for Sai Vignesh Nagar?

The Arani_Tiruvallur Sub Registrar Office handles the registration for Sai Vignesh Nagar, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone.