Guideline Value for SRI VALAMPURI NAGAR

Sri Valampuri Nagar guideline value

The current guideline value of Sri Valampuri Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Gunippalaiyam village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Valampuri Nagar has changed

The guideline value for Sri Valampuri Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 75 per sq.ft, which then increased to Rs 50 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 100 per sq.ft in both the 2023 and 2024 revisions, resulting in an overall increase of 33% from the 2012 figure to the current value.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2023 to 2024 revision saw no change, maintaining the guideline value at Rs 100 per sq.ft. The increase from 2017 to 2023 was 100%, while the change from 2012 to 2017 was a decrease of 33%.

Guideline values in Gunippalaiyam

In Gunippalaiyam, there are 11 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Sri Valampuri Nagar's 2024 guideline value is equal to this median.

• Sri Muthu Nagar: Rs 100 per sq.ft (2024)
• Sri Bavani Amman Nagar: Rs 100 per sq.ft (2024)
• Valampuri Nagar: Rs 100 per sq.ft (2024)
• V.R.G. Nagar: Rs 100 per sq.ft (2024)
• Mothinagar Annex: Rs 100 per sq.ft (2024)
• Mothi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Valampuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total 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, making the total cost for these fees 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Valampuri Nagar?

Sri Valampuri Nagar is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Gunippalaiyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sri Valampuri Nagar?

The current guideline value of Sri Valampuri 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 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Sri Valampuri Nagar?

Sri Valampuri Nagar is classified as Residential Class I Type - I. This classification is important for understanding the type of development allowed in the area.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone. This office handles the registration of properties in the area.

How is stamp duty calculated in Sri Valampuri Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 1,00,000, the stamp duty at 7% would be Rs 7,000.