Guideline Value for Shri Sarveswari Nagar (Part-1,2,3)

Shri Sarveswari Nagar (Part-1,2,3) guideline value

The current guideline value for Shri Sarveswari Nagar (Part-1,2,3) is Rs 1,100 per sq.ft as per the 2023 revision. This area falls under Ayyencheri village, governed by the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Shri Sarveswari Nagar (Part-1,2,3) has changed

The guideline value for Shri Sarveswari Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012, marking a 120% rise. However, this value remained unchanged in the 2012 revision until it dropped to Rs 737 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,100 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 120%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Shri Sarveswari Nagar (Part-1,2,3) is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Shri Sarveswari Nagar (Part-1,2,3)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is essential 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 more detailed calculations.

Which Sub Registrar Office covers Shri Sarveswari Nagar (Part-1,2,3)?

The Shri Sarveswari Nagar (Part-1,2,3) area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value serves as a benchmark for property transactions in Ayyencheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly influences the financial obligations involved in the registration process. Accurate knowledge of the guideline value ensures compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Shri Sarveswari Nagar?

The current guideline value for Shri Sarveswari Nagar (Part-1,2,3) is Rs 1,100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, decreased to Rs 737 per sq.ft in 2017, and returned to Rs 1,100 per sq.ft in 2023.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 77,000, and the registration fee is Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Shri Sarveswari Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Shri Sarveswari Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used to calculate the applicable stamp duty and registration fees during property transactions in Ayyencheri.