Guideline Value for SRI VEL NAGAR

Sri Vel Nagar guideline value

The current guideline value of Sri Vel Nagar, located in Thiruvellvoyal village under the Ponneri SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - V.

How the guideline value of Sri Vel Nagar has changed

The guideline value of Sri Vel Nagar has undergone several revisions over the years. The earliest recorded figure is from 2017, where it was Rs 67 per sq.ft. This value increased significantly to Rs 200 per sq.ft in the 2023 revision, reflecting a change of +199%. The 2024 revision maintained the same rate of Rs 200 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by +199%.

Guideline values in Thiruvellvoyal

In Thiruvellvoyal, there are 12 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 200 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current figure for Sri Vel Nagar.

• Sri Sakthi Nagar Extention: Rs 150 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 200 per sq.ft (2024)
• Selliyamman Nagar: Rs 200 per sq.ft (2024)
• Sai Sudha Nagar: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 200 per sq.ft (2024)
• Radha Mudaliar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Sri Vel Nagar?

Sri Vel Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Thiruvellvoyal. It is used to determine the stamp duty and registration fees that buyers must pay when registering their property. This ensures that the transaction is recorded at a fair value as per the government's regulations.

When selling property, the guideline value helps establish a baseline for negotiations between buyers and sellers. It provides a reference point that reflects the official valuation of the property, which can influence the final sale price.

Frequently asked questions

What is the current guideline value of Sri Vel Nagar?

The current guideline value of Sri Vel Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 67 per sq.ft to Rs 200 per sq.ft in 2023 and remained the same in 2024, showing an overall increase of +199% from 2017 to 2024.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft property valued at Rs 2,00,000, the total charges would amount to Rs 18,000.

Which office handles registrations for Sri Vel Nagar?

The Ponneri Sub Registrar Office handles registrations for Sri Vel Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What other streets have guideline values in Thiruvellvoyal?

Other streets in Thiruvellvoyal include Sri Sakthi Nagar Extention, Sri Sakthi Nagar, Selliyamman Nagar, Sai Sudha Nagar, Vetri Nagar, and Radha Mudaliar Nagar, with values ranging from Rs 150 to Rs 200 per sq.ft in 2024.