Guideline Value for SRI VARAGI RESIDENCY

Sri Varagi Residency guideline value

The current guideline value of Sri Varagi Residency is Rs 400 per sq.ft. It is located in Vannipakkam village under the Ponneri SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Varagi Residency has changed

According to the guideline value register, the revisions for Sri Varagi Residency show no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision was in 2023, which set the guideline value at Rs 400 per sq.ft.

Since there have been no figures for the previous revisions, the only available guideline value for this street is from the 2023 revision at Rs 400 per sq.ft. There are no changes recorded between the revisions listed.

Guideline values in Vannipakkam

In Vannipakkam, there are 7 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 250 per sq.ft, with a median of Rs 200 per sq.ft. Sri Varagi Residency's guideline value is higher than the median for the village.

• Srinivasapuram: Rs 200 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 200 per sq.ft (2024)
• Sri Bhavani Nagar: Rs 200 per sq.ft (2024)
• M.N.Garden Phase II: Rs 250 per sq.ft (2024)
• M.N.Garden Phase I: Rs 250 per sq.ft (2024)
• M.G.M. Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Varagi Residency

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be 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, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Varagi Residency?

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

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

The guideline value is crucial during the registration of property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must agree on a sale price that is equal to or higher than the guideline value to ensure a smooth registration process.

When registering a property in Vannipakkam, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Varagi Residency?

The current guideline value of Sri Varagi Residency is Rs 400 per sq.ft, as per the 2023 revision.

What is the land classification of Sri Varagi Residency?

Sri Varagi Residency is classified as Residential Class I Type - I.

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revision for Sri Varagi Residency occurring in 2023. There are no figures available for the revisions in 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty rates for properties in Sri Varagi Residency?

The stamp duty for properties in Sri Varagi Residency is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Varagi Residency?

The Sub Registrar Office for Sri Varagi Residency is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.