Guideline Value for SREE VAARI NAGAR

Sree Vaari Nagar guideline value

The current guideline value of Sree Vaari Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under Melaiyoor village and is classified as Residential Special Type - I. The relevant registration authority is the Thiruporur Sub Registrar Office.

How the guideline value of Sree Vaari Nagar has changed

The guideline value for Sree Vaari Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 150 per sq.ft. In 2017, this value increased to Rs 100 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase, doubling to Rs 200 per sq.ft. The 2023 revision maintained this value, with no change noted for the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Melaiyoor

Currently, there are no specific guideline values provided for other streets in Melaiyoor. Sree Vaari Nagar is the only street mentioned in the available data.

Stamp duty and registration fee for property in Sree Vaari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Sree Vaari Nagar?

The Sree Vaari Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Melaiyoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is bought or sold, the guideline value helps establish a standard for the transaction, which is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sree Vaari Nagar?

The current guideline value of Sree Vaari Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, with notable increases in 2017 and 2023.

What are the stamp duty and registration fees for property in Sree Vaari Nagar?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000.

Which office handles property registration for Sree Vaari Nagar?

The Thiruporur Sub Registrar Office handles property registration for Sree Vaari Nagar, located at No.29, South Mada Street, Thiruporur-603110.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that these fees are based on the official valuation of the property.