Guideline Value for SRI VAARU NAGAR

Sri Vaaru Nagar guideline value

The current guideline value of Sri Vaaru Nagar in Puthumavilingai village is Rs 201 per sq.ft, effective from 1 July 2024. This area falls under the Perambakkam SRO and is classified as Mixed Type - I.

How the guideline value of Sri Vaaru Nagar has changed

The guideline value for Sri Vaaru Nagar has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 201 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 201 per sq.ft, indicating no percentage change between these two revisions.

In summary, the guideline value for Sri Vaaru Nagar has been consistent at Rs 201 per sq.ft for both the 2023 and 2024 revisions, with no figures available for earlier years.

Guideline values in Puthumavilingai

In Puthumavilingai, there are four streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median of Rs 276 per sq.ft. Sri Vaaru Nagar's guideline value is below this median.

• Mangalambiga Nagar: Rs 200 per sq.ft (2024)
• Akash Avenue: Rs 350 per sq.ft (2024)
• Sri Golden Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vaaru Nagar

For a 1,000 sq.ft plot at the current rate of Rs 201 per sq.ft, the guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, totaling Rs 18,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your specific property details.

Which Sub Registrar Office covers Sri Vaaru Nagar?

The Sub Registrar Office covering Sri Vaaru Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Puthumavilingai. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations and to calculate the necessary fees accurately.

When a property is sold, the higher value between the guideline value and the sale price is used to assess the stamp duty. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the current market.

Frequently asked questions

What is the current guideline value of Sri Vaaru Nagar?

The current guideline value of Sri Vaaru Nagar is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Vaaru Nagar has remained at Rs 201 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Puthumavilingai?

The median guideline value for streets in Puthumavilingai is Rs 276 per sq.ft, with Sri Vaaru Nagar's value being below this median at Rs 201 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Vaaru Nagar?

For a property valued at Rs 2,01,000 in Sri Vaaru Nagar, the stamp duty would be Rs 14,070 and the registration fee would be Rs 4,020, totaling Rs 18,090.

Where is the Sub Registrar Office for Sri Vaaru Nagar located?

The Sub Registrar Office for Sri Vaaru Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.