Guideline Value for Sri Valli Nagar

Sri Valli Nagar guideline value

The current guideline value of Sri Valli Nagar, located in Vellerithangal village under the Gooduvancheri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sri Valli Nagar has changed

In the 2007 revision, the guideline value was Rs 50 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 400 per sq.ft, marking a 700% increase. However, in the 2017 revision, the value dropped to Rs 268 per sq.ft, reflecting a decrease of 33%. The subsequent revisions in 2023 and 2024 maintained the guideline value at Rs 400 per sq.ft, indicating no change between these two years.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 700%.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 250 to Rs 1,400 per sq.ft. The median value is Rs 400 per sq.ft, making the guideline value of Sri Valli Nagar equal to this median.

• Sri Sairam Nagar: Rs 300 per sq.ft (2024)
• Sri Saibaba Nagar: Rs 300 per sq.ft (2024)
• SRI RAM Nagar: Rs 1,083 per sq.ft (2024)
• Sri Krishna Mohana Nagar Phase III: Rs 903 per sq.ft (2024)
• Sri Balaji Estate: Rs 250 per sq.ft (2024)
• Treasure Land: Rs 400 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 rate, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vellerithangal. 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, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sri Valli Nagar?

The current guideline value of Sri Valli Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 50 per sq.ft in 2007 to Rs 400 per sq.ft in both 2012 and 2024, with fluctuations in between.

What is the classification of land in Sri Valli Nagar?

Sri Valli Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

How is stamp duty calculated in Sri Valli Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a stamp duty of Rs 28,000.

Where is the Sub Registrar Office for Sri Valli Nagar located?

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