Guideline Value for SRI VAISHNAVI NAGAR

Sri Vaishnavi Nagar guideline value

The current guideline value for Sri Vaishnavi Nagar, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Sri Vaishnavi Nagar has changed

The guideline value for Sri Vaishnavi Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Sri Vaishnavi Nagar.

• Sri Srinivasa Nagar & Ext: Rs 1,320 per sq.ft (2024)
• Stalin Street: Rs 1,100 per sq.ft (2024)
• Station View Avenue: Rs 879 per sq.ft (2024)
• Sri Padmavathi Nagar & Annex-II: Rs 1,320 per sq.ft (2024)
• Swathi 1'st Street: Rs 550 per sq.ft (2024)
• Swathi 2'nd Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vaishnavi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Vaishnavi Nagar?

The Sri Vaishnavi Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Sri Vaishnavi Nagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Sri Vaishnavi Nagar?

The current guideline value for Sri Vaishnavi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Sri Vaishnavi Nagar?

Sri Vaishnavi Nagar is classified under Residential Class I Type - III land classification.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Sri Vaishnavi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Sri Vaishnavi Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.