Guideline Value for SRI VALAMPURI VINAYAGAR NAGAR ANNEUX

Sri Valampuri Vinayagar Nagar Anneux guideline value

The current guideline value for Sri Valampuri Vinayagar Nagar Anneux is Rs 1,300 per sq.ft. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Sri Valampuri Vinayagar Nagar Anneux has changed

In the 2012 revision, the guideline value was set at Rs 1,300 per sq.ft. However, in the 2017 revision, it decreased to Rs 871 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 1,300 per sq.ft, representing a significant increase of 49% from the 2017 figure. The register does not provide figures for the years 2002, 2003, and 2007, as well as for 2024.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 1,300 per sq.ft. The fluctuations in values over the years highlight the varying market conditions affecting this locality.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Sri Valampuri Vinayagar Nagar Anneux is one of the streets in this area, and it is essential to note that there are no other streets in Nalambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Valampuri Vinayagar Nagar Anneux

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total charges to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Valampuri Vinayagar Nagar Anneux?

The Sub Registrar Office that covers Sri Valampuri Vinayagar Nagar Anneux is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to understand the financial implications of the transaction. The stamp duty and registration fees are calculated based on this value, making it essential for both parties to be aware of the current rates.

Frequently asked questions

What is the current guideline value of Sri Valampuri Vinayagar Nagar Anneux?

The current guideline value of Sri Valampuri Vinayagar Nagar Anneux is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 871 per sq.ft in 2017 from Rs 1,300 per sq.ft in 2012. It then increased back to Rs 1,300 per sq.ft in 2023.

Is there a guideline value for the year 2024?

The register does not provide a guideline value for the year 2024 for Sri Valampuri Vinayagar Nagar Anneux.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Sri Valampuri Vinayagar Nagar Anneux is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.