Guideline Value for SHRI SHESHADRI BRINDHA VANAM NAGAR

Shri Sheshadri Brindha Vanam Nagar guideline value

The current guideline value of Shri Sheshadri Brindha Vanam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Naduveerapattu village under the Padappai SRO, and it is classified as Residential Special Type - III.

How the guideline value of Shri Sheshadri Brindha Vanam Nagar has changed

In the 2023 revision, the guideline value was set at Rs 1,000 per sq.ft. The latest revision in 2024 increased this value by 10%, bringing it to Rs 1,100 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the changes, the guideline value rose from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. This increase reflects a 10% rise in the guideline value over the one-year period.

Guideline values in Naduveerapattu

Naduveerapattu has 96 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value in the village is Rs 660 per sq.ft, making the 2024 figure for Shri Sheshadri Brindha Vanam Nagar above this median.

• Sengundhar Street: Rs 550 per sq.ft (2024)
• Soosaiyappar Street: Rs 660 per sq.ft (2024)
• Sri Balaji Nagar: Rs 770 per sq.ft (2024)
• Sri Durga Nagar: Rs 440 per sq.ft (2024)
• Sri Gayathri Co-Operative Mega Nagar: Rs 660 per sq.ft (2024)
• Sri Gayathri Mega Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Sheshadri Brindha Vanam Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. Stamp duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Shri Sheshadri Brindha Vanam Nagar?

The Shri Sheshadri Brindha Vanam Nagar area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Naduveerapattu, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must consider this value when negotiating property prices to ensure compliance with local regulations.

At the time of registration, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of purchasing property. It is essential for all parties involved in the transaction to be aware of the current guideline value to avoid any discrepancies.

Frequently asked questions

What is the current guideline value of Shri Sheshadri Brindha Vanam Nagar?

The current guideline value of Shri Sheshadri Brindha Vanam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Shri Sheshadri Brindha Vanam Nagar?

Shri Sheshadri Brindha Vanam Nagar is classified as Residential Special Type - III.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000.

Where can I find the Sub Registrar Office for this area?

The Padappai Sub Registrar Office covers Shri Sheshadri Brindha Vanam Nagar and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.