Guideline Value for SHREE VAARI NAGAR

Shree Vaari Nagar guideline value

The current guideline value of Shree Vaari Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nochimedu village under the Poonamallee SRO and is classified as Residential Special Type - II.

How the guideline value of Shree Vaari Nagar has changed

The guideline value for Shree Vaari Nagar has undergone several revisions. The most recent revision in 2024 set the value at Rs 330 per sq.ft, which is an increase of 8% from the 2023 revision of Rs 305 per sq.ft. Prior to 2023, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline value rose from Rs 305 per sq.ft in 2023 to Rs 330 per sq.ft in 2024. The revisions for the years without figures indicate that no data is available for those specific years regarding the guideline value of Shree Vaari Nagar.

Guideline values in Nochimedu

In Nochimedu village, there are three streets under the Poonamallee SRO that have a 2024 guideline value. The values range from Rs 165 to Rs 1,100 per sq.ft, with the median value being Rs 330 per sq.ft. Shree Vaari Nagar's guideline value of Rs 330 per sq.ft is equal to this median.

• Karpagam Garden: Rs 1,100 per sq.ft (2024)
• Adidravider Kudieruppu: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Vaari Nagar

For a plot measuring 1,000 sq.ft at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. 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 detailed calculations.

Which Sub Registrar Office covers Shree Vaari Nagar?

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

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

The guideline value is a critical figure used during the registration process of property transactions in Nochimedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of this value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Shree Vaari Nagar?

The current guideline value of Shree Vaari Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 305 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, representing an 8% increase.

What is the classification of land in Shree Vaari Nagar?

Shree Vaari Nagar is classified as Residential Special Type - II under the guideline value register.

Where can I find the registration office for Shree Vaari Nagar?

The registration office for Shree Vaari Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for property in Shree Vaari Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 330 per sq.ft would incur a stamp duty of Rs 23,100.