Guideline Value for Srinivasa Nagar

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Vengadamangalam village under the Gooduvancheri SRO, is Rs 800 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Srinivasa Nagar has changed

Over the years, the guideline value of Srinivasa Nagar has undergone several revisions. The earliest recorded value was Rs 160 per sq.ft in 2007. This figure saw a significant increase to Rs 800 per sq.ft in 2012, marking a 400% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, representing a decline of 33%. The most recent revision in 2023 set the guideline value back to Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%. It is important to note that there are no recorded values for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Srinivasa Nagar is one of the streets under the Gooduvancheri SRO. Other streets in Vengadamangalam include:

Stamp duty and registration fee for property in Srinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Vengadamangalam, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value is utilized to calculate the applicable stamp duty and registration fees. This ensures that the transaction is documented accurately and that all necessary fees are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023.

What is the land classification for Srinivasa Nagar?

The land classification for Srinivasa Nagar is Residential Special Type - II.

What are the stamp duty and registration fees for a property in Srinivasa Nagar?

For a property valued at Rs 8,00,000, the stamp duty is Rs 56,000 and the registration fee is Rs 16,000, totaling Rs 72,000.

Which office handles the registration for Srinivasa Nagar?

The Gooduvancheri Sub Registrar Office handles the registration for Srinivasa Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.