Guideline Value for Sri Varasithi Vinayagar Nagar

Sri Varasithi Vinayagar Nagar guideline value

The current guideline value of Sri Varasithi Vinayagar Nagar is Rs 1,269 per sq.ft, effective from 1 July 2024. This area is located in Molachoor village under the Sunguvarchattram SRO, classified as Mixed Type - III land.

How the guideline value of Sri Varasithi Vinayagar Nagar has changed

The guideline value for Sri Varasithi Vinayagar Nagar has undergone several revisions over the years. The most recent revisions show that the guideline value has remained constant at Rs 1,269 per sq.ft for both 2023 and 2024. Prior to this, in 2017, the guideline value was Rs 850 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and a total increase of 49% from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available figures are from the revisions in 2017, 2023, and 2024.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Sri Varasithi Vinayagar Nagar's 2024 figure above this median.

• St.Joseph Nagar: Rs 605 per sq.ft (2024)
• Subramanianswami Kovil Street: Rs 600 per sq.ft (2024)
• Tank Street: Rs 300 per sq.ft (2024)
• Teachers Avenue: Rs 600 per sq.ft (2024)
• Thamarai Nagar: Rs 800 per sq.ft (2024)
• Thiruvallur Road (Palkara Street To Arinjar Anna Street): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Varasithi Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,269 per sq.ft, the total guideline value amounts to Rs 12,69,000. The stamp duty at 7% would be Rs 88,830, and the registration fee at 2% would be Rs 25,380, bringing the total to Rs 1,14,210. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Varasithi Vinayagar Nagar?

Sri Varasithi Vinayagar Nagar falls under the Sunguvarchattram Sub Registrar Office located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, 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 Molachoor

The guideline value is a crucial factor in the registration process when buying or selling property in Molachoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for legal documentation. This ensures that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Varasithi Vinayagar Nagar?

The current guideline value of Sri Varasithi Vinayagar Nagar is Rs 1,269 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,269 per sq.ft for both 2023 and 2024. It increased from Rs 850 per sq.ft in 2017, marking a 49% rise from 2017 to 2023 and a total increase of 49% from 2017 to 2024.

What are the other streets in Molachoor and their guideline values?

Other streets in Molachoor have varying guideline values. For instance, St.Joseph Nagar is Rs 605 per sq.ft, Subramanianswami Kovil Street is Rs 600 per sq.ft, and Tank Street is Rs 300 per sq.ft, among others.

What is the stamp duty rate for properties in Sri Varasithi Vinayagar Nagar?

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

Where can I find the Sub Registrar Office for Sri Varasithi Vinayagar Nagar?

The Sub Registrar Office covering Sri Varasithi Vinayagar Nagar is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.