Guideline Value for SRI VENGADESHWARA NAGAR

Sri Vengadeshwara Nagar guideline value

The current guideline value for Sri Vengadeshwara Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kalvai village under the Thiruporur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Vengadeshwara Nagar has changed

In the 2023 revision, the guideline value for Sri Vengadeshwara Nagar was Rs 400 per sq.ft, which remained unchanged in the 2024 revision. The register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

Between the 2023 and 2024 revisions, there was a change of +0%, indicating that the guideline value has remained stable at Rs 400 per sq.ft for the last two years.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 1,000 per sq.ft, placing Sri Vengadeshwara Nagar's 2024 figure below this median.

• Sri Yohan City: Rs 600 per sq.ft (2024)
• Sri Sathiya Sai Nagar: Rs 400 per sq.ft (2024)
• Sri Sainathapuram: Rs 1,000 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 600 per sq.ft (2024)
• Sri PRAGALATH NAGAR: Rs 1,493 per sq.ft (2024)
• Sri Krishna Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vengadeshwara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to 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. It is important to note that 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 information.

Which Sub Registrar Office covers Sri Vengadeshwara Nagar?

The Sri Vengadeshwara Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property in Kalvai, as it determines the amount of stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered to ascertain the minimum value for taxation purposes, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Vengadeshwara Nagar?

The current guideline value of Sri Vengadeshwara Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Kalvai?

The median guideline value in Kalvai is Rs 1,000 per sq.ft, with Sri Vengadeshwara Nagar's value being below this median.

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

The stamp duty for property in Sri Vengadeshwara Nagar is 7%, calculated on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Vengadeshwara Nagar?

The Sub Registrar Office for Sri Vengadeshwara Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.