Guideline Value for Sri Valli Nagar

Sri Valli Nagar guideline value

The current guideline value of Sri Valli Nagar, located in Thalimangalam village under the Chengleput Joint II SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Sri Valli Nagar has changed

Over the years, the guideline value for Sri Valli Nagar has seen several revisions. The earliest recorded revision was in 2007, where the value was Rs 210 per sq.ft. This increased to Rs 500 per sq.ft in 2012, followed by a drop to Rs 335 per sq.ft in 2017. The most recent revisions in 2023 and 2024 both maintain the guideline value at Rs 500 per sq.ft, indicating no change between these two years. The register has no figure for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased significantly by 138%. However, it then decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and overall, from 2007 to 2024, there has been a total increase of 138% in the guideline value for Sri Valli Nagar.

Guideline values in Thalimangalam

In Thalimangalam village, there are nine streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median value among these streets is Rs 400 per sq.ft, placing Sri Valli Nagar's 2024 figure above that median.

• Sundar Nagar: Rs 300 per sq.ft (2024)
• Swami Vivekanandar Nagar: Rs 300 per sq.ft (2024)
• Sabari Garden: Rs 400 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Murugan Avenue: Rs 500 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Valli Nagar

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

Which Sub Registrar Office covers Sri Valli Nagar?

The Sub Registrar Office that covers Sri Valli Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Thalimangalam. It serves as the benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the minimum value that will be considered during the transaction.

When a property is bought or sold, the guideline value is assessed to determine the applicable fees. This ensures a transparent process and helps in maintaining a standard for property transactions in the region.

Frequently asked questions

What is the current guideline value of Sri Valli Nagar?

The current guideline value of Sri Valli 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 several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 500 per sq.ft. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What are the guideline values of other streets in Thalimangalam?

Other streets in Thalimangalam have varying guideline values, with rates ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 400 per sq.ft.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles property registration for Sri Valli Nagar?

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