Guideline Value for SRI THIRUVUDAIAMMAN NAGAR

Sri Thiruvudaiamman Nagar guideline value

The current guideline value of Sri Thiruvudaiamman Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Voyalur village under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Thiruvudaiamman Nagar has changed

The guideline value for Sri Thiruvudaiamman Nagar has been revised several times. The earliest recorded revision is from 2017, where the guideline value was Rs 67 per sq.ft. In the subsequent revision in 2023, the value increased to Rs 100 per sq.ft, reflecting a change of +49%. The latest revision in 2024 maintained the value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only figures available are from 2017, 2023, and the current 2024 revision, indicating an overall increase of +49% from 2017 to 2024.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 100 per sq.ft. Sri Thiruvudaiamman Nagar's 2024 figure aligns with this median.

• Sri Thiruvudaiamman Avenue: Rs 100 per sq.ft (2024)
• Sri Krishna Nagar: Rs 150 per sq.ft (2024)
• Thulukkanathamman Nagar: Rs 126 per sq.ft (2024)
• Sabapathi Nagar: Rs 100 per sq.ft (2024)
• Muthu Nagar City: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar II: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thiruvudaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Thiruvudaiamman Nagar?

Sri Thiruvudaiamman Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Voyalur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

Buyers and sellers must be aware that the guideline value is the minimum value considered for registration, ensuring that the property is not undervalued during the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sri Thiruvudaiamman Nagar?

The current guideline value of Sri Thiruvudaiamman 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 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024, marking a +49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees in Sri Thiruvudaiamman Nagar?

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 property registration for Sri Thiruvudaiamman Nagar?

The Ponneri Sub Registrar Office handles property registration for Sri Thiruvudaiamman Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Sri Thiruvudaiamman Nagar?

Sri Thiruvudaiamman Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.