Guideline Value for Sirpi Nagar (Part - II)

Sirpi Nagar (Part - II) guideline value

The current guideline value of Sirpi Nagar (Part - II) is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sirpi Nagar (Part - II) has changed

In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, where it was recorded at Rs 1,500 per sq.ft. The increase from 2017 to 2023 was 49%, and the overall change from 2017 to 2024 is also 49%.

It is important to note that there are no recorded figures for Sirpi Nagar (Part - II) in the revisions from 2002, 2003, 2007, and 2012. The 2024 revision marks a significant change as it aligns with the 2023 revision, showing no percentage increase from the previous year.

Guideline values in Gooduvancheri

Gooduvancheri village has 129 streets under the Gooduvancheri SRO carrying a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Sirpi Nagar (Part - II) is positioned at this median value.

• Sirpi Nagar (part - I): Rs 1,500 per sq.ft (2024)
• Singaram Nagar: Rs 1,200 per sq.ft (2024)
• Shyam Nagar: Rs 1,200 per sq.ft (2024)
• Shunmugam Nagar Phase I: Rs 1,200 per sq.ft (2024)
• Shunmugam Nagar: Rs 1,000 per sq.ft (2024)
• Shankar Ganesh Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sirpi Nagar (Part - II)

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sirpi Nagar (Part - II)?

The Sub Registrar Office covering Sirpi Nagar (Part - II) is 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 Gooduvancheri

The guideline value plays a crucial role in the registration process of property transactions in Gooduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This helps in maintaining transparency and fairness in property transactions, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Sirpi Nagar (Part - II)?

The current guideline value of Sirpi Nagar (Part - II) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in both 2023 and 2024, showing a 49% increase overall from 2017 to 2024.

Which Sub Registrar Office covers Sirpi Nagar (Part - II)?

The Gooduvancheri Sub Registrar Office covers Sirpi Nagar (Part - II), located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the stamp duty for property in Sirpi Nagar (Part - II)?

The stamp duty for property in Sirpi Nagar (Part - II) is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.