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. This area is located in Vadakal_C village, under the jurisdiction of the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

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

The guideline value for Sri Aurobindo Nagar Part - II has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was Rs 100 per sq.ft. This increased by 50% to Rs 150 per sq.ft in the 2023 revision. The 2024 revision maintained the same value of Rs 150 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The consistency in the guideline value from 2023 to 2024 reflects stability in this specific area.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing Sri Aurobindo Nagar Part - II below that median.

• Sri Aurobindo Vasantham Nature City: Rs 200 per sq.ft (2024)
• Sri Baba Nagar Phase-IV: Rs 600 per sq.ft (2024)
• Sri Baba Nagar ph.III: Rs 550 per sq.ft (2024)
• S&P Elegance: Rs 205 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 per sq.ft (2024)
• Sivan Koil Street: Rs 300 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, bringing the total fees to 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 details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakal_C. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the legal and financial obligations of both the buyer and the seller. This value must be adhered to during the registration process to ensure compliance with local regulations.

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 at Rs 150 per sq.ft since the 2023 revision. It was Rs 100 per sq.ft in the 2017 revision, marking a 50% increase over the years.

What is the median guideline value in Vadakal_C?

The median guideline value in Vadakal_C is Rs 400 per sq.ft. Sri Aurobindo Nagar Part - II is below this median value.

What are the stamp duty rates for properties in Sri Aurobindo Nagar Part - II?

The stamp duty for properties in Sri Aurobindo Nagar Part - II is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500.

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.