Guideline Value for SHRI VAARI Nagar

SHRI VAARI Nagar guideline value

The current guideline value of SHRI VAARI Nagar is Rs 268 per sq.ft, effective from 1 July 2024. This area falls under Panappakkam village and is classified as Residential Class I Type - II. The relevant Sub Registrar Office for this locality is Thiruttani SRO.

How the guideline value of SHRI VAARI Nagar has changed

As per the guideline value register, there have been revisions in the guideline value for SHRI VAARI Nagar in 2023 and 2024, both set at Rs 268 per sq.ft. For the years 2002, 2003, 2007, 2012, and 2017, the register has no figure for this street.

From the 2023 revision to the 2024 revision, there has been no percentage change, remaining at Rs 268 per sq.ft. Therefore, the guideline value has remained consistent in the most recent revisions.

Guideline values in Panappakkam

Currently, there are no specific guideline values provided for other streets in Panappakkam under the Thiruttani SRO. Therefore, SHRI VAARI Nagar stands as the only street with a defined guideline value at this time.

Stamp duty and registration fee for property in SHRI VAARI Nagar

For a 1,000 sq.ft plot at the current rate of Rs 268 per sq.ft, the guideline value amounts to Rs 2,68,000. The stamp duty is calculated at 7%, totaling Rs 18,760, while the registration fee at 2% comes to Rs 5,360. Together, the total cost for stamp duty and registration fee is Rs 24,120. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SHRI VAARI Nagar?

The Sub Registrar Office that covers SHRI VAARI Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Panappakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to understand the applicable stamp duty and registration fees during the transaction process.

When a property is sold or purchased, the guideline value serves as a benchmark for calculating the necessary duties. It is essential for both parties to be aware of this value to ensure compliance with the registration requirements in the Thiruttani SRO.

Frequently asked questions

What is the current guideline value of SHRI VAARI Nagar?

The current guideline value of SHRI VAARI Nagar is Rs 268 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 268 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the stamp duty rate in SHRI VAARI Nagar?

The stamp duty rate in SHRI VAARI Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for SHRI VAARI Nagar located?

The Sub Registrar Office for SHRI VAARI Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the registration fee calculated for properties in SHRI VAARI Nagar?

The registration fee for properties in SHRI VAARI Nagar is calculated at 2% of the guideline value. For example, for a property valued at Rs 2,68,000, the registration fee would be Rs 5,360.