Guideline Value for SRI VAIDHEESWARAR NAGAR

Sri Vaidheeswarar Nagar guideline value

The current guideline value of Sri Vaidheeswarar Nagar, located in Naalur village under the Ponneri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Vaidheeswarar Nagar has changed

Looking at the historical revisions, the guideline value for Sri Vaidheeswarar Nagar has seen several changes over the years. In 2012, the value was set at Rs 300 per sq.ft, which increased to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, the value rose significantly by 49%, bringing it to Rs 400 per sq.ft in 2023. The 2024 revision maintains this value at Rs 400 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Naalur

In Naalur, there are 23 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is the same as the guideline value for Sri Vaidheeswarar Nagar.

• Sri Sai Nagar: Rs 400 per sq.ft (2024)
• Sri Raman Nagar: Rs 400 per sq.ft (2024)
• Srinivasapuram Phase Iiii: Rs 400 per sq.ft (2024)
• Sri Jayalakshmi Nagar: Rs 400 per sq.ft (2024)
• Vadivudai Amman Nagar: Rs 500 per sq.ft (2024)
• Sandhya Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vaidheeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vaidheeswarar Nagar?

The Sub Registrar Office that covers Sri Vaidheeswarar Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naalur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Vaidheeswarar Nagar?

The current guideline value of Sri Vaidheeswarar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023 and remains the same in 2024.

What are the other streets in Naalur with similar guideline values?

Other streets in Naalur, such as Sri Sai Nagar, Sri Raman Nagar, and Srinivasapuram Phase Iiii, also have a guideline value of Rs 400 per sq.ft for 2024.

What fees are associated with buying property in Sri Vaidheeswarar Nagar?

When buying property, the stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Vaidheeswarar Nagar?

The Ponneri Sub Registrar Office covers Sri Vaidheeswarar Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.