Guideline Value for SHREE VARI NAGAR

Shree Vari Nagar guideline value

The current guideline value of Shree Vari Nagar is Rs 1,642 per sq.ft, effective from 1 July 2024. This locality is situated in Agaram Male village under the Poonamallee SRO, with a land classification of Mixed Special Type - II.

How the guideline value of Shree Vari Nagar has changed

In the 2017 revision, the guideline value was set at Rs 1,100 per sq.ft. This figure saw a significant increase of 49% to Rs 1,642 per sq.ft in the 2023 revision. The 2024 revision also maintains the same guideline value of Rs 1,642 per sq.ft, showing no change from the previous year.

The register has no figures 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 Agaram Male

Agaram Male village has a range of guideline values across its 21 streets under the Poonamallee SRO, with figures ranging from Rs 550 to Rs 2,800 per sq.ft. The median guideline value for this area is Rs 770 per sq.ft, placing Shree Vari Nagar's 2024 figure above that median.

• Sri Ambal City: Rs 770 per sq.ft (2024)
• Sarathambal Nagar: Rs 770 per sq.ft (2024)
• Saranya Nagar: Rs 770 per sq.ft (2024)
• Santhammal Nagar: Rs 770 per sq.ft (2024)
• Sannathi Street: Rs 550 per sq.ft (2024)
• Pushpha Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Vari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,642 per sq.ft, the total guideline value amounts to Rs 16,42,000. The stamp duty at 7% would be Rs 1,14,940, and the registration fee at 2% would be Rs 32,840, making the total fees together Rs 1,47,780. 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 specific calculations.

Which Sub Registrar Office covers Shree Vari Nagar?

The Sub Registrar Office that covers Shree Vari Nagar 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 Agaram Male

The guideline value is a crucial factor during the registration of property transactions in Agaram Male. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on a standardized value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Shree Vari Nagar?

The current guideline value of Shree Vari Nagar is Rs 1,642 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,100 per sq.ft in 2017 to Rs 1,642 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the range of guideline values in Agaram Male?

The guideline values in Agaram Male range from Rs 550 to Rs 2,800 per sq.ft, with a median value of Rs 770 per sq.ft.

What are the stamp duty and registration fees for properties in Shree Vari Nagar?

For a property valued at Rs 16,42,000, the stamp duty would be Rs 1,14,940 and the registration fee would be Rs 32,840, totaling Rs 1,47,780.

Which office handles property registrations for Shree Vari Nagar?

The Poonamallee Sub Registrar Office handles property registrations for Shree Vari Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.