Guideline Value for Sri Valli Nagar

Sri Valli Nagar guideline value

The current guideline value of Sri Valli Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Sri Valli Nagar has changed

Over the years, the guideline value of Sri Valli Nagar has seen several revisions. The earliest recorded value in 2002 was Rs 86 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. Following this, the value rose to Rs 1,500 per sq.ft in 2012, but then dropped to Rs 1,005 per sq.ft in 2017. The most recent revisions in 2023 and 2024 maintained the guideline value at Rs 1,500 per sq.ft, showing no change from the previous year.

In terms of percentage changes, from 2002 to 2007, the value increased by 281%. From 2007 to 2012, there was a substantial rise of 357%. However, from 2012 to 2017, the value decreased by 33%. The guideline value then increased by 49% from 2017 to 2023, and remained unchanged from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1644%.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the current value of Sri Valli Nagar.

• Sri Vari Nagar: Rs 1,500 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 1,200 per sq.ft (2024)
• Sri Venkateshwara Nagar Extn.: Rs 1,200 per sq.ft (2024)
• Sri Sangara Avenue: Rs 1,000 per sq.ft (2024)
• Sterling Little Flowers: Rs 3,500 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,200 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 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Therefore, the total cost for these fees would be Rs 1,35,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Sri Valli Nagar?

The Sub Registrar Office that covers Sri Valli Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Nandhivaram. It serves as 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, the guideline value helps to determine the cost of transactions and ensures transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Valli Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 86 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2012, and then fluctuating to Rs 1,005 per sq.ft in 2017. It has remained at Rs 1,500 per sq.ft since 2023.

What is the land classification of Sri Valli Nagar?

Sri Valli Nagar is classified as Residential Special Type - I, indicating its designation for residential use within the area.

What are the stamp duty rates for property in Sri Valli Nagar?

The stamp duty for property transactions in Sri Valli Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.