Guideline Value for Sri Badala Vighneshwara Nagar

Sri Badala Vighneshwara Nagar guideline value

The current guideline value of Sri Badala Vighneshwara Nagar 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 Sri Badala Vighneshwara Nagar has changed

The guideline value for Sri Badala Vighneshwara Nagar has seen several revisions over the years. The most recent revisions include Rs 1,500 per sq.ft for both 2023 and 2024, indicating no change from the previous year. The 2017 revision recorded a guideline value of Rs 1,005 per sq.ft, marking a significant increase of 49% to the 2023 and 2024 values.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value figure, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, which is equal to the current guideline value of Sri Badala Vighneshwara Nagar.

• Sri Lakshmi Nagar: Rs 1,500 per sq.ft (2024)
• Sirpi Nagar (Part - II): Rs 1,500 per sq.ft (2024)
• Sirpi Nagar (part - I): Rs 1,500 per sq.ft (2024)
• Singaram Nagar: Rs 1,200 per sq.ft (2024)
• Srinivasa Avenue: Rs 1,200 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Badala Vighneshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total 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 fees 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.

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

Which Sub Registrar Office covers Sri Badala Vighneshwara Nagar?

The Sub Registrar Office that covers Sri Badala Vighneshwara Nagar 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 more details.

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

The guideline value plays a crucial role when buying or selling property in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that both parties are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Sri Badala Vighneshwara Nagar?

The current guideline value of Sri Badala Vighneshwara Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft for both 2023 and 2024, while it was Rs 1,005 per sq.ft in 2017. This represents a 49% increase from 2017 to 2023 and 2024.

What is the land classification of Sri Badala Vighneshwara Nagar?

Sri Badala Vighneshwara Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Sri Badala Vighneshwara Nagar located?

The Sub Registrar Office for Sri Badala Vighneshwara Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Badala Vighneshwara Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at 7%.