Guideline Value for Sri Vimal Nagar

Sri Vimal Nagar guideline value

The current guideline value of Sri Vimal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Vimal Nagar has changed

The guideline value for Sri Vimal Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Sri Vimal Nagar.

• Sri Velmurugan Nagar: Rs 1,650 per sq.ft (2024)
• Sri Sakthi Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 2,200 per sq.ft (2024)
• Sri Ram Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Suraththamman koil 1st street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 2nd cross street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vimal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vimal Nagar?

The Sub Registrar Office covering Sri Vimal Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Peerklankaranai. It is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Vimal Nagar?

The current guideline value of Sri Vimal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Sri Vimal Nagar?

Sri Vimal Nagar is classified as Residential Class I Type - II according to the local land regulations.

Where can I find the Sub Registrar Office for Sri Vimal Nagar?

The Sub Registrar Office for Sri Vimal Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in total charges of Rs 1,48,500.