Guideline Value for SRI VARI NAGAR

Sri Vari Nagar guideline value

The current guideline value of Sri Vari Nagar, located in Pungathur village under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Vari Nagar has changed

As per the revisions, the guideline value for Sri Vari Nagar was Rs 1,500 per sq.ft in 2023. The current 2024 revision has increased this value to Rs 1,650 per sq.ft, reflecting a change of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The most recent revision in 2024 marks an increase from the previous year's value. The guideline value has seen a steady increase, with the 2023 figure being the last recorded before the current revision.

Guideline values in Pungathur

In Pungathur, there are 32 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 1,485 per sq.ft, making the current value of Sri Vari Nagar above the median.

• Sri Kanagavalli Thayar Avenue: Rs 1,650 per sq.ft (2024)
• Terapanth Nagar: Rs 1,650 per sq.ft (2024)
• Sree Kanakavalli Thayar Nagar: Rs 550 per sq.ft (2024)
• Thendadaivada veedhi: Rs 770 per sq.ft (2024)
• Vadavandai Vada Veedi: Rs 550 per sq.ft (2024)
• Vasumathi Nagar: Rs 2,000 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 1,650 per sq.ft, the total guideline value is Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sri Vari Nagar?

Sri Vari Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pungathur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the minimum value at which the property can be registered.

When buying or selling property, the guideline value helps in determining the financial obligations associated with the transaction. It is essential to consult the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Sri Vari Nagar?

The current guideline value of Sri Vari Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Vari Nagar was Rs 1,500 per sq.ft in 2023, increasing to Rs 1,650 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in Sri Vari Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Sri Vari Nagar?

Sri Vari Nagar is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value in Pungathur?

The median guideline value in Pungathur is Rs 1,485 per sq.ft, with Sri Vari Nagar's current value being above this median.