Guideline Value for Sri Aurobindo Nagar Part - II

Sri Aurobindo Nagar Part - II guideline value

The current guideline value of Sri Aurobindo Nagar Part - II is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Sri Aurobindo Nagar Part - II has changed

Reviewing the revisions, the guideline value for Sri Aurobindo Nagar Part - II was Rs 100 per sq.ft in the 2017 revision. It remained unchanged at Rs 150 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, reflecting a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The consistency in the current value from 2023 to 2024 indicates stability in the guideline value during this period.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Sri Aurobindo Nagar Part - II is below this median.

• Sri Aurobindo Vasantham Nature City: Rs 200 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Thalaiyari Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Aurobindo Nagar Part - II

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Aurobindo Nagar Part - II?

The Sub Registrar Office covering Sri Aurobindo Nagar Part - II 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 Vadakal_B

The guideline value plays a crucial role in the registration process of property transactions in Vadakal_B. It is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values in the area.

When buying or selling property, it is essential to refer to the guideline value as it serves as a benchmark for calculating the financial obligations associated with the transaction. This ensures transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Sri Aurobindo Nagar Part - II?

The current guideline value of Sri Aurobindo Nagar Part - II is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 150 per sq.ft from the 2023 revision to the 2024 revision. However, it increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase over that period.

What is the median guideline value in Vadakal_B?

The median guideline value in Vadakal_B is Rs 300 per sq.ft, with Sri Aurobindo Nagar Part - II's current value being below this median.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Sri Aurobindo Nagar Part - II is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Aurobindo Nagar Part - II?

The Sub Registrar Office for Sri Aurobindo Nagar Part - II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.