Guideline Value for Sri Vinayaga Nagar

Sri Vinayaga Nagar guideline value

The current guideline value of Sri Vinayaga Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This locality is situated in Sirunallur village, under the Madurandakam Sub Registrar Office (SRO), and is classified as Residential Special Type - II.

How the guideline value of Sri Vinayaga Nagar has changed

The guideline value for Sri Vinayaga Nagar has experienced several revisions over the years. The 2007 revision set the value at Rs 40 per sq.ft, which increased significantly to Rs 150 per sq.ft in the 2012 revision. However, in the 2017 revision, the value was adjusted down to Rs 100 per sq.ft, marking a decrease of 33%. Subsequently, the value rose again to Rs 150 per sq.ft in the 2023 revision, maintaining that same rate in the 2024 revision, resulting in no percentage change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 275%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Sirunallur

In Sirunallur village, there are 16 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 175 per sq.ft. The guideline value for Sri Vinayaga Nagar is below this median.

• Srm Nagar: Rs 120 per sq.ft (2024)
• S.R.S.Nagar: Rs 102 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 102 per sq.ft (2024)
• Sri Saraswathi Nagar: Rs 200 per sq.ft (2024)
• Sri Lakshmi Narasimmar Nagar: Rs 200 per sq.ft (2024)
• Sma Nagar Part-II: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vinayaga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vinayaga Nagar?

Sri Vinayaga Nagar falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sirunallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Sri Vinayaga Nagar?

The current guideline value of Sri Vinayaga Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, reflecting an overall increase of 275% since then.

What are the other streets in Sirunallur with their guideline values?

There are several other streets in Sirunallur with varying guideline values, ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 175 per sq.ft.

What fees are applicable when registering property in Sri Vinayaga Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. Together, these fees are calculated based on the higher of the guideline value or the sale price.

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

The Madurandakam Sub Registrar Office covers Sri Vinayaga Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.