Guideline Value for Sri Vigneswara Nagar

Sri Vigneswara Nagar guideline value

The current guideline value of Sri Vigneswara Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Vigneswara Nagar has changed

The guideline value for Sri Vigneswara Nagar has seen several revisions over the years. Starting from Rs 40 per sq.ft in 2007, it increased significantly to Rs 400 per sq.ft in 2012. However, there was a decrease to Rs 268 per sq.ft in 2017. The values remained the same at Rs 400 per sq.ft in both 2023 and the upcoming 2024 revision, showing no change from the previous year.

In summary, the changes between revisions indicate a +900% increase from 2007 to 2012, followed by a -33% decrease from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and remained stable at Rs 400 per sq.ft from 2023 to 2024.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median guideline value is Rs 300 per sq.ft, placing Sri Vigneswara Nagar above this median.

• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Sri Venkatachalapathy Annex: Rs 400 per sq.ft (2024)
• S.S.A. Nagar: Rs 300 per sq.ft (2024)
• SSV Nagar: Rs 300 per sq.ft (2024)
• Sri Varadharajan Nagar: Rs 400 per sq.ft (2024)
• Subham: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vigneswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vigneswara Nagar?

The Sri Vigneswara Nagar area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Vigneswara Nagar?

The current guideline value of Sri Vigneswara Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 40 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreasing to Rs 268 per sq.ft in 2017. It has remained at Rs 400 per sq.ft for both 2023 and 2024.

What is the median guideline value in Valarpuram?

The median guideline value in Valarpuram is Rs 300 per sq.ft, with Sri Vigneswara Nagar's 2024 value being above this median.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations in Sri Vigneswara Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Sri Vigneswara Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.