Guideline Value for Sri Vinayaga nagar Part I,II,III

Sri Vinayaga nagar Part I,II,III guideline value

The current guideline value for Sri Vinayaga nagar Part I,II,III is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Vinayaga nagar Part I,II,III has changed

The guideline value for Sri Vinayaga nagar Part I,II,III has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged at Rs 700 per sq.ft in the 2023 revision and continues at that rate in the 2024 revision, showing an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. However, there was no change in the value from 2023 to 2024, maintaining the rate at Rs 700 per sq.ft.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which matches the 2024 figure for Sri Vinayaga nagar Part I,II,III.

• Sri Vinayaka Nagar Ph.-IV: Rs 700 per sq.ft (2024)
• Sri Thanthondri Amman Nagar: Rs 1,000 per sq.ft (2024)
• Subethra Avenue: Rs 700 per sq.ft (2024)
• Sri Selvalakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Sundaram Nagar: Rs 700 per sq.ft (2024)
• Suvisesapuram: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vinayaga nagar Part I,II,III

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost for these fees Rs 63,000. 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 Vinayaga nagar Part I,II,III?

The Sub Registrar Office that covers Sri Vinayaga nagar Part I,II,III is 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 Sriperumbudur A

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is registered, the higher amount between the guideline value and the sale price is used to determine the applicable duties. This means that buyers should be aware of the guideline value to understand the potential costs involved in their property transactions.

Frequently asked questions

What is the current guideline value for Sri Vinayaga nagar Part I,II,III?

The current guideline value for Sri Vinayaga nagar Part I,II,III is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2024.

What is the land classification for Sri Vinayaga nagar Part I,II,III?

Sri Vinayaga nagar Part I,II,III is classified as Residential Class III Type - I.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Vinayaga nagar Part I,II,III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.