Guideline Value for SRI SIDDI VINAYAGAR NAGAR

Sri Siddi Vinayagar Nagar guideline value

The current guideline value for Sri Siddi Vinayagar Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Enambakkam village under the Oothukkottai SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Siddi Vinayagar Nagar has changed

The guideline value for Sri Siddi Vinayagar Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 60 per sq.ft. This increased to Rs 40 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 150%, reaching Rs 100 per sq.ft. The 2024 revision also maintains this figure of Rs 100 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 67%.

Guideline values in Enambakkam

In Enambakkam, three streets under the Oothukkottai SRO have a guideline value of Rs 100 per sq.ft as of 2024, which is also the median for the area. Sri Siddi Vinayagar Nagar's 2024 figure aligns with this median.

• Jai Nagar: Rs 100 per sq.ft (2024)
• Deepika Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Siddi Vinayagar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. 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 for more details.

Which Sub Registrar Office covers Sri Siddi Vinayagar Nagar?

The Sub Registrar Office covering Sri Siddi Vinayagar Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction value, ensuring that the appropriate fees are calculated correctly. It is essential for both parties to understand how this value impacts their financial obligations in a property deal.

Frequently asked questions

What is the current guideline value of Sri Siddi Vinayagar Nagar?

The current guideline value of Sri Siddi Vinayagar Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with a significant increase of 150% from 2017 to 2023.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles registrations for Sri Siddi Vinayagar Nagar?

The Oothukkottai Sub Registrar Office handles registrations for Sri Siddi Vinayagar Nagar, located near the government hospital in Uthukottai.

How is the guideline value determined for property transactions?

The guideline value is determined by the local registration department and is used to calculate stamp duty and registration fees during property transactions. It serves as a benchmark for the transaction value to ensure compliance with local regulations.