Guideline Value

Corporate

Guideline Value for Sri Vaishnavi Nagar

₹500/sq.ft.

The guideline value for Sri Vaishnavi Nagar in Perumattu Nellore village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Perumattu Nellore

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹175 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Vaishnavi Nagar

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Sri Vaishnavi Nagar guideline value

The current guideline value of Sri Vaishnavi Nagar, located in Perumattu Nellore village under the Chengleput Joint II SRO, is Rs 500 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Vaishnavi Nagar has changed

Over the years, the guideline value for Sri Vaishnavi Nagar has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 175 per sq.ft. This increased to Rs 500 per sq.ft in 2012, then saw a decrease to Rs 335 per sq.ft in 2017. From 2017 to 2023, the value rose significantly to Rs 500 per sq.ft, and has remained unchanged at this rate through to the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. The changes between the revisions are noteworthy: from 2007 to 2012, there was an increase of 186%; however, from 2012 to 2017, the value decreased by 33%. The overall change from 2007 to 2024 is an increase of 186%.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Sri Vaishnavi Nagar is below this median.

Stamp duty and registration fee for property in Sri Vaishnavi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Vaishnavi Nagar?

The Chengleput Joint II Sub Registrar Office covers Sri Vaishnavi Nagar. The address is 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Perumattu Nellore. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to understand that the guideline value serves as a benchmark. If the sale price of the property is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Sri Vaishnavi Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft since 2023.

What is the median guideline value in Perumattu Nellore?

The median guideline value in Perumattu Nellore is Rs 700 per sq.ft for the year 2024.

What are the stamp duty rates for properties in Sri Vaishnavi Nagar?

The stamp duty rate for properties in Sri Vaishnavi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sri Vaishnavi Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Sri Vaishnavi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.