Guideline Value for Sheela Nagar

Sheela Nagar guideline value

The current guideline value of Sheela Nagar is Rs 2,000 per sq.ft as per the 2023 revision. This area falls under Vandalur village, within the Gooduvancheri SRO, and is classified as Mixed Special Type - I land.

How the guideline value of Sheela Nagar has changed

The guideline value for Sheela Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 550 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 264%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 2,000 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 264%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 regarding the guideline value for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Sheela Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur listed with their guideline values.

Stamp duty and registration fee for property in Sheela Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty, charged at 7%, would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sheela Nagar?

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

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

When buying or selling property in Vandalur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Understanding these values helps in planning the financial aspects of buying or selling a property in the area.

Frequently asked questions

What is the current guideline value of Sheela Nagar?

The current guideline value of Sheela Nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and returned to Rs 2,000 per sq.ft in 2023.

What is the land classification of Sheela Nagar?

Sheela Nagar is classified as Mixed Special Type - I land, which may have specific regulations and uses associated with it.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,000 per sq.ft, the total fees would amount to Rs 1,80,000.