Guideline Value for Sri Vignesh Avenue

Sri Vignesh Avenue guideline value

The current guideline value of Sri Vignesh Avenue is Rs 500 per sq.ft. This street is located in Arungal village under the Gooduvancheri SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Sri Vignesh Avenue has changed

The guideline value for Sri Vignesh Avenue has undergone several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft. However, this figure remained unchanged in the subsequent revision in 2017, where it dropped to Rs 335 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw a significant increase to Rs 500 per sq.ft, representing a 49% rise from the 2017 rate.

Overall, comparing the figures from 2012 to 2023, the guideline value has remained the same at Rs 500 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Arungal

Currently, there are no specific village figures available for Arungal. Sri Vignesh Avenue is the only street mentioned in the context of the Gooduvancheri SRO. Therefore, there are no other streets in Arungal with guideline values provided.

Stamp duty and registration fee for property in Sri Vignesh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost for these charges Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vignesh Avenue?

The Sub Registrar Office that covers Sri Vignesh Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Arungal

The guideline value plays a crucial role in the registration of property transactions in Arungal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the buying and selling process.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sri Vignesh Avenue?

The current guideline value of Sri Vignesh Avenue is Rs 500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, and then back to Rs 500 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023.

What is the land classification for Sri Vignesh Avenue?

Sri Vignesh Avenue is classified as Residential Special Type - I, indicating its designated use for residential purposes.

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 is stamp duty calculated for properties in Sri Vignesh Avenue?

Stamp duty for properties in Sri Vignesh Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 5,00,000 would incur a stamp duty of Rs 35,000 at a rate of 7%.