Guideline Value for Sri Vasudev Nagar

Sri Vasudev Nagar guideline value

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

How the guideline value of Sri Vasudev Nagar has changed

The guideline value for Sri Vasudev Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it dropped to Rs 670 per sq.ft in 2017, before rising again to Rs 1,000 per sq.ft in both 2023 and the latest revision in 2024. Notably, the register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a 49% increase, while from 2012 to 2017, there was a decrease of 33%. The most significant increase was from 2007 to 2012, which saw a 400% rise. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Sri Vasudev Nagar.

• Sri Vasudev Nagar Extn: 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)
• Sri Sairam Nagar: Rs 1,000 per sq.ft (2024)
• Subash Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vasudev Nagar

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 fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vasudev Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Vasudev Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, 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 Adhanoor

The guideline value is a crucial factor in the registration process of property transactions in Adhanoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate taxes on property sales.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. Buyers and sellers must be aware of the current guideline value to accurately assess the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Sri Vasudev Nagar?

The current guideline value of Sri Vasudev Nagar 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 has remained at Rs 1,000 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties in Sri Vasudev Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registrations for Sri Vasudev Nagar?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Sri Vasudev Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revisions. It serves as a standard for calculating taxes during property transactions.