Guideline Value for SRI VARI NAGAR

Sri Vari Nagar guideline value

The current guideline value of Sri Vari Nagar is Rs 201 per sq.ft, effective from 1 July 2024. This area is located in Eazhichur village and falls under the Walajabad SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Sri Vari Nagar has changed

Since the 2017 revision, the guideline value for Sri Vari Nagar has remained unchanged at Rs 201 per sq.ft through the 2023 revision and continues at this rate in the 2024 revision. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

From 2017 to 2024, there has been a consistent guideline value of Rs 201 per sq.ft, showing no percentage increase or decrease during this period. Similarly, the transition from 2023 to 2024 also reflects no change, maintaining the same guideline value.

Guideline values in Eazhichur

Eazhichur village has 13 streets under the Walajabad SRO carrying a 2024 guideline value ranging from Rs 201 to Rs 3,650 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Vari Nagar's 2024 figure is below this median.

• Sri Sathya Sai Nahar Phase -I: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-III: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-II: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Part-VII: Rs 400 per sq.ft (2024)
• sree selva vignesh Nagar: Rs 300 per sq.ft (2024)
• Unnamed Layout S.No :234/1: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 201 per sq.ft, the total guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, bringing the total charges to Rs 18,090. 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 details.

Which Sub Registrar Office covers Sri Vari Nagar?

Sri Vari Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Eazhichur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property transaction occurs, the guideline value is assessed to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Vari Nagar?

The current guideline value of Sri Vari Nagar is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 201 per sq.ft since the 2017 revision, with no changes recorded in the revisions for 2023 and 2024. Previous revisions from 2002, 2003, 2007, and 2012 do not have any figures for this street.

What is the land classification for Sri Vari Nagar?

Sri Vari Nagar is classified as Residential Class II Type - III. This classification is important for determining the types of properties that can be developed in the area.

What are the stamp duty rates for property transactions in Sri Vari Nagar?

The stamp duty for property transactions in Sri Vari Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable to the same value.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information by visiting the find your SRO page.