Guideline Value for Sri Sai Vignesh Nagar

Sri Sai Vignesh Nagar guideline value

The current guideline value of Sri Sai Vignesh Nagar is Rs 801 per sq.ft, effective from 1 July 2024. This area is located in Mangalam village and falls under the Thirukazhukundram SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Sri Sai Vignesh Nagar has changed

The guideline value for Sri Sai Vignesh Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 801 per sq.ft, which is a slight increase from the 2023 revision of Rs 800 per sq.ft, reflecting a change of +0%. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline values for the most recent years are as follows: 2024 is Rs 801 per sq.ft, and 2023 is Rs 800 per sq.ft. The absence of figures for earlier years indicates that no guideline values were established for Sri Sai Vignesh Nagar during those periods.

Guideline values in Mangalam

Mangalam village has 15 streets under the Thirukazhukundram SRO with 2024 guideline values ranging from Rs 350 to Rs 1,300 per sq.ft. The median value among these streets is Rs 575 per sq.ft, positioning Sri Sai Vignesh Nagar's 2024 figure above that median.

• Sri Sai Ganesh Nagar Phase II: Rs 600 per sq.ft (2024)
• Sri Sai Ganesh Nagar: Rs 600 per sq.ft (2024)
• Sri Ragavendra Avenue: Rs 402 per sq.ft (2024)
• Singhvi Emerald: Rs 1,000 per sq.ft (2024)
• Vedagiris Mount City Part - II: Rs 575 per sq.ft (2024)
• Ram Avenue: Rs 402 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 801 per sq.ft, the total guideline value amounts to Rs 8,01,000. The stamp duty at 7% would be Rs 56,070, while the registration fee at 2% would be Rs 16,020, bringing the total cost for these fees to Rs 72,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Vignesh Nagar?

The Sri Sai Vignesh Nagar area is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Mangalam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sai Vignesh Nagar was Rs 800 per sq.ft in 2023 and has increased to Rs 801 per sq.ft in 2024. There are no available figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Sai Vignesh Nagar?

Sri Sai Vignesh Nagar is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

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

For a 1,000 sq.ft plot, the guideline value is Rs 8,01,000. The stamp duty at 7% would be Rs 56,070, and the registration fee at 2% would be Rs 16,020, totaling Rs 72,090.

Which office handles property registrations for Sri Sai Vignesh Nagar?

The Thirukazhukundram Sub Registrar Office handles property registrations for Sri Sai Vignesh Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone.