Guideline Value for Sri Vinayaga Nagar

Sri Vinayaga Nagar guideline value

The current guideline value of Sri Vinayaga Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kaduvancheri village under the Sriperumpudur SRO, and it is classified as Residential Special Type - I.

How the guideline value of Sri Vinayaga Nagar has changed

Over the years, the guideline value of Sri Vinayaga Nagar has seen several revisions. The earliest recorded revision is from 2007, where the guideline value was Rs 50 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, marking a 500% rise. However, between 2012 and 2017, the value decreased to Rs 201 per sq.ft, a drop of 33%. The 2023 revision maintained the value at Rs 300 per sq.ft, and the latest revision in 2024 also holds the value at Rs 300 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 500%, reflecting the changes in property valuation over the years.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the 2024 figure for Sri Vinayaga Nagar.

• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Thanga Nagar: Rs 300 per sq.ft (2024)
• Sri Iyappan Nagar (Sri Ayappa Nagar): Rs 250 per sq.ft (2024)
• Sri A.T. Panneerselvam Nagar: Rs 300 per sq.ft (2024)
• Sindhiya Nagar: Rs 200 per sq.ft (2024)
• Shri Sakthi Nagar: Rs 1,232 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Vinayaga Nagar?

The Sub Registrar Office that covers Sri Vinayaga Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Kaduvancheri. It is used to determine the stamp duty and registration fees that must be paid during the registration of property transactions. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is assessed to calculate the applicable fees. This value is essential for both parties to understand the financial implications of the transaction, as it directly affects the costs involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Sri Vinayaga Nagar?

The current guideline value of Sri Vinayaga Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Kaduvancheri?

Other streets in Kaduvancheri have varying guideline values, with rates ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is the same as that of Sri Vinayaga Nagar.

What is the stamp duty for property in Sri Vinayaga Nagar?

The stamp duty for property in Sri Vinayaga Nagar is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 21,000.

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

The Sub Registrar Office for Sri Vinayaga Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration processes for the area.