Guideline Value for SREE VAARI GARDEN PHASE - II

Sree Vaari Garden Phase - II guideline value

The current guideline value of Sree Vaari Garden Phase - II is Rs 1,700 per sq.ft, effective from 1 July 2024. This property is located in Vellavedu village under the Poonamallee SRO, classified as Residential Special Type - III.

How the guideline value of Sree Vaari Garden Phase - II has changed

The guideline value register shows no figures for Sree Vaari Garden Phase - II for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, setting the guideline value at Rs 1,700 per sq.ft.

As there have been no changes between the revisions listed, the 2024 figure stands as the first recorded value for this street in the guideline value register.

Guideline values in Vellavedu

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

• Shree Vaari Garden Phase-I: Rs 1,500 per sq.ft (2024)
• Sri Prasanna Vinayagar Nagar: Rs 550 per sq.ft (2024)
• Sri Prasanna Vinayakar Nagar: Rs 550 per sq.ft (2024)
• V.P.K Nagar: Rs 1,320 per sq.ft (2024)
• N.S.R Street: Rs 825 per sq.ft (2024)
• New Metro Nagar: Rs 1,660 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Vaari Garden Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Vaari Garden Phase - II?

The Sub Registrar Office that covers Sree Vaari Garden Phase - II 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 an essential factor when registering property transactions in Vellavedu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is crucial to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any complications during the registration process.

Frequently asked questions

What is the current guideline value of Sree Vaari Garden Phase - II?

The current guideline value of Sree Vaari Garden Phase - II is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded figures for Sree Vaari Garden Phase - II in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded value is from the 2024 revision.

What is the land classification for Sree Vaari Garden Phase - II?

Sree Vaari Garden Phase - II is classified as Residential Special Type - III under the guideline value register.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles the registration for Sree Vaari Garden Phase - II?

The Poonamallee Sub Registrar Office handles the registration for Sree Vaari Garden Phase - II, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.