Guideline Value for SRI VARAHI NAGAR

Sri Varahi Nagar guideline value

The current guideline value of Sri Varahi Nagar is Rs 938 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Class I Type - III.

How the guideline value of Sri Varahi Nagar has changed

Looking at the revisions, the guideline value for Sri Varahi Nagar has remained consistent at Rs 938 per sq.ft since the 2017 revision. The 2017 revision also recorded the same value of Rs 938 per sq.ft, indicating no change over that period.

For the years prior to 2017, the register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024. Therefore, the only revisions available for this street are from 2017 and 2023, both showing a guideline value of Rs 938 per sq.ft, with a change of +0% between these years.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Sri Varahi Nagar is one of the streets listed under this locality. Unfortunately, there are no other streets in Vengadamangalam provided in the available data.

Stamp duty and registration fee for property in Sri Varahi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 938 per sq.ft, the guideline value amounts to Rs 9,38,000. The stamp duty, calculated at 7%, would be Rs 65,660, and the registration fee at 2% would be Rs 18,760, bringing the total to Rs 84,420. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on the fees applicable.

Which Sub Registrar Office covers Sri Varahi Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Varahi Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vengadamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Varahi Nagar?

The current guideline value of Sri Varahi Nagar is Rs 938 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Sri Varahi Nagar has remained unchanged at Rs 938 per sq.ft from the 2017 revision to the 2023 revision, indicating a +0% change.

Are there any other streets in Vengadamangalam with guideline values?

No specific figures for other streets in Vengadamangalam have been provided in the available data.

What are the stamp duty and registration fees for property in Sri Varahi Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 84,420, which includes Rs 65,660 for stamp duty and Rs 18,760 for registration fees.

Which Sub Registrar Office covers Sri Varahi Nagar?

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