Guideline Value for Sri Sai Vignesh Nagar

Sri Sai Vignesh Nagar guideline value

The current guideline value of Sri Sai Vignesh Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This locality is situated in Kanchivakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Sai Vignesh Nagar has changed

The guideline value for Sri Sai Vignesh Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 600 per sq.ft, and it has remained the same in the 2024 revision, showing no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, from 2012 to 2017, the value saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Kanchivakkam

In Kanchivakkam, there are 23 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 600 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Sri Sai Vignesh Nagar above this median.

• Sterling Garden-I & II: Rs 400 per sq.ft (2024)
• Sumangali Nagar: Rs 500 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Senthil Nagar: Rs 500 per sq.ft (2024)
• Valarmathi Garden Part-I to IV: Rs 500 per sq.ft (2024)
• Vaseegar Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Vignesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 precise calculations.

Which Sub Registrar Office covers Sri Sai Vignesh Nagar?

The Sub Registrar Office that covers Sri Sai Vignesh Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property in Kanchivakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Sai Vignesh Nagar?

The current guideline value of Sri Sai Vignesh Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 600 per sq.ft in both 2023 and 2024. The value was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What are the other streets in Kanchivakkam and their guideline values?

Other streets in Kanchivakkam include Sterling Garden-I & II at Rs 400 per sq.ft, Sumangali Nagar, Sri Balaji Nagar, Senthil Nagar, and Valarmathi Garden Part-I to IV at Rs 500 per sq.ft, and Vaseegar Avenue at Rs 600 per sq.ft.

What are the stamp duty and registration fees for property in Sri Sai Vignesh Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 600 per sq.ft, the total costs would be Rs 54,000.

Which Sub Registrar Office covers Sri Sai Vignesh Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Sai Vignesh Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.