Guideline Value for SHREE VAARI GARDEN PHASE-I

Shree Vaari Garden Phase-I guideline value

The current guideline value of Shree Vaari Garden Phase-I is Rs 1,500 per sq.ft. This property is located in Vellavedu village, under the Poonamallee SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Shree Vaari Garden Phase-I has changed

The guideline value for Shree Vaari Garden Phase-I has remained consistent in recent years. In the 2023 revision, the guideline value was Rs 1,500 per sq.ft, and this figure has not changed in the 2024 revision, which also sets the value at Rs 1,500 per sq.ft. The revisions from earlier years, specifically 2002, 2003, 2007, 2012, and 2017, do not have any recorded figures for this street.

Thus, the change from 2023 to 2024 shows an increase of 0%. The 2024 guideline value reflects stability in the pricing for this location, maintaining the same rate as the previous year.

Guideline values in Vellavedu

In Vellavedu, there are 11 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,475 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Shree Vaari Garden Phase-I above this median.

• Sree Vaari Garden Phase - II: Rs 1,700 per sq.ft (2024)
• Sri Prasanna Vinayagar Nagar: Rs 550 per sq.ft (2024)
• Sri Prasanna Vinayakar Nagar: Rs 550 per sq.ft (2024)
• N.S.R Street: Rs 825 per sq.ft (2024)
• New Metro Nagar: Rs 1,660 per sq.ft (2024)
• V.P.K Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Vaari Garden Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shree Vaari Garden Phase-I?

The Sub Registrar Office that covers Shree Vaari Garden Phase-I is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vellavedu. It serves as a benchmark for calculating stamp duty and registration fees during the registration of property sales. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the applicable fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Shree Vaari Garden Phase-I?

The current guideline value of Shree Vaari Garden Phase-I is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Shree Vaari Garden Phase-I?

Shree Vaari Garden Phase-I is classified under Residential Class II Type - II, indicating its designation for residential use.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for properties in Shree Vaari Garden Phase-I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,05,000.