Guideline Value for Sri Vasudeva Nagar

Sri Vasudeva Nagar guideline value

The current guideline value of Sri Vasudeva Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Sri Vasudeva Nagar has changed

The guideline value for Sri Vasudeva 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. This marked a 400% increase. However, from 2012 to 2017, the value decreased by 33%, settling at Rs 670 per sq.ft. The value then rose by 49% to Rs 1,000 per sq.ft in 2023, and has remained unchanged at Rs 1,000 per sq.ft in the 2024 revision.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, making the guideline value of Sri Vasudeva Nagar above this median.

• Sri Vaisnavi Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sathya sai Nagar Ext-I: Rs 800 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 800 per sq.ft (2024)
• Subasri Nagar: Rs 1,200 per sq.ft (2024)
• Sri Saibaba Nagar: Rs 1,200 per sq.ft (2024)
• Subramaniyapuram: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vasudeva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vasudeva Nagar?

The Sri Vasudeva Nagar area is covered by 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 Karanaipuducheri

The guideline value is a crucial factor when buying or selling property in Karanaipuducheri. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

Additionally, the guideline value serves as a reference point for property valuation in the area. It helps in establishing a fair price for property transactions and is essential for both buyers and sellers to understand the financial implications involved.

Frequently asked questions

What is the current guideline value of Sri Vasudeva Nagar?

The current guideline value of Sri Vasudeva 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 since 2023.

What is the land classification for Sri Vasudeva Nagar?

The land classification for Sri Vasudeva Nagar is Residential Special Type - III.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is the stamp duty calculated for properties in Sri Vasudeva Nagar?

The stamp duty for properties in Sri Vasudeva Nagar 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 1,000 per sq.ft would incur a stamp duty of Rs 70,000.