Guideline Value for Sithi Vinayagar Nagar

Sithi Vinayagar Nagar guideline value

The current guideline value of Sithi Vinayagar Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This locality is situated in Mannoor village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Sithi Vinayagar Nagar has changed

The guideline value for Sithi Vinayagar Nagar has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2012, marking a significant rise of 150%. However, the value dropped to Rs 167 per sq.ft in 2017, a decrease of 33%. The 2023 revision maintained the value at Rs 250 per sq.ft, and the same rate continues into the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Mannoor

Mannoor village has 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with the median value being Rs 250 per sq.ft. The guideline value for Sithi Vinayagar Nagar is equal to this median.

• Siva Vishnu Nagar: Rs 500 per sq.ft (2024)
• Showbagya co-op Nagar: Rs 600 per sq.ft (2024)
• Sri Astalaxmi Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Nagar: Rs 250 per sq.ft (2024)
• Sanjeevi Nagar: Rs 200 per sq.ft (2024)
• Ram Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sithi Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sithi Vinayagar Nagar?

The Sub Registrar Office that covers Sithi Vinayagar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Mannoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is considered to determine the applicable duties. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sithi Vinayagar Nagar?

The current guideline value of Sithi Vinayagar Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 100 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then to Rs 167 per sq.ft in 2017, and back to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Sithi Vinayagar Nagar?

Sithi Vinayagar Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sithi Vinayagar Nagar?

The Sub Registrar Office for Sithi Vinayagar Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Sithi Vinayagar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a total guideline value of Rs 2,50,000, resulting in a stamp duty of Rs 17,500.