Guideline Value for Sri Vasudev Nagar Extn

Sri Vasudev Nagar Extn guideline value

The current guideline value of Sri Vasudev Nagar Extn is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Sri Vasudev Nagar Extn has changed

Over the years, the guideline value for Sri Vasudev Nagar Extn has seen several revisions. The 2007 revision set the guideline value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the same value has been retained in the 2024 revision, indicating no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. The current guideline value of Rs 1,000 per sq.ft reflects a 49% increase from the 2017 figure of Rs 670 per sq.ft, and an overall increase of 400% from the 2007 figure.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a guideline value range from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which aligns with the current value for Sri Vasudev Nagar Extn.

• Sri Vasudev Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vel Nnagar: Rs 1,000 per sq.ft (2024)
• Sri Swamynathan Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sathyasai Nagar: Rs 670 per sq.ft (2024)
• Subash Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sairam Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vasudev Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost of duty and fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vasudev Nagar Extn?

The Sri Vasudev Nagar Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in property transactions in Adhanoor, as it determines the minimum value on which stamp duty and registration fees are calculated. When a property is sold, the buyer and seller must refer to the guideline value to ensure compliance with local regulations during the registration process.

Additionally, the guideline value serves as a benchmark for property transactions, ensuring that the prices reflect the official rates set by the government. This helps maintain transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Sri Vasudev Nagar Extn?

The current guideline value of Sri Vasudev Nagar Extn is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in 2023 and 2024.

What is the stamp duty for properties in Sri Vasudev Nagar Extn?

The stamp duty for properties in Sri Vasudev Nagar Extn is 7% of the guideline value or 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, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How many streets in Adhanoor have a guideline value?

There are 169 streets in Adhanoor under the Gooduvancheri SRO that carry a guideline value, ranging from Rs 670 to Rs 3,000 per sq.ft.