Guideline Value for Sri Vinayaka Nagar Ph.-IV

Sri Vinayaka Nagar Ph.-IV guideline value

The current guideline value for Sri Vinayaka Nagar Ph.-IV is Rs 700 per sq.ft. 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 Vinayaka Nagar Ph.-IV has changed

The guideline value for Sri Vinayaka Nagar Ph.-IV has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 700 per sq.ft, the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The consistent value of Rs 700 per sq.ft from 2023 to 2024 reflects stability in the guideline value for this area.

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, with a median value of Rs 700 per sq.ft. The guideline value for Sri Vinayaka Nagar Ph.-IV matches this median.

• Sri Vinayaga nagar Part I,II,III: 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 Vinayaka Nagar Ph.-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vinayaka Nagar Ph.-IV?

The Sub Registrar Office that covers Sri Vinayaka Nagar Ph.-IV 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 an essential factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is registered, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Vinayaka Nagar Ph.-IV?

The current guideline value of Sri Vinayaka Nagar Ph.-IV is Rs 700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 469 per sq.ft in 2017 to 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles the registration for Sri Vinayaka Nagar Ph.-IV?

The Sriperumpudur Sub Registrar Office handles the registration for Sri Vinayaka Nagar Ph.-IV, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What other streets have similar guideline values in Sriperumbudur A?

Other streets in Sriperumbudur A with a guideline value of Rs 700 per sq.ft include Sri Vinayaga nagar Part I, II, III, Subethra Avenue, and Sundaram Nagar.