Guideline Value for Sri Sarveshwari Nagar Part-II

Sri Sarveshwari Nagar Part-II guideline value

The current guideline value of Sri Sarveshwari Nagar Part-II is Rs 1,195 per sq.ft. This area is located in Ayyencheri village and falls under the jurisdiction of the Gooduvancheri SRO. The land classification for this property is Residential Class I Type - I.

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

The guideline value for Sri Sarveshwari Nagar Part-II has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 1,195 per sq.ft, which reflects a significant increase of 49% from the 2017 revision, where the value was Rs 800 per sq.ft. Prior to that, in 2012, the guideline value was Rs 1,000 per sq.ft, indicating a decrease of 20% when compared to the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has increased by 20%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. Sri Sarveshwari Nagar Part-II is the only street mentioned under the Gooduvancheri SRO. Therefore, there are no other streets in Ayyencheri listed with guideline values.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value amounts to Rs 11,95,000. The stamp duty at 7% would be Rs 83,650, while the registration fee at 2% would be Rs 23,900, bringing the total cost for these fees to Rs 1,07,550. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Sri Sarveshwari Nagar Part-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Sarveshwari Nagar Part-II?

The current guideline value for Sri Sarveshwari Nagar Part-II is Rs 1,195 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has changed by an overall increase of 20%. In 2012, the value was Rs 1,000 per sq.ft, and it is currently Rs 1,195 per sq.ft.

What was the guideline value in 2017?

The guideline value for Sri Sarveshwari Nagar Part-II in 2017 was Rs 800 per sq.ft. This was a decrease from the 2012 figure of Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 11,95,000, the stamp duty at 7% would be Rs 83,650 and the registration fee at 2% would be Rs 23,900, totaling Rs 1,07,550 for these fees.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can also find your SRO through the provided link.