Guideline Value for VANAVIL SHIVA GARDEN

Vanavil Shiva Garden guideline value

The current guideline value of Vanavil Shiva Garden is Rs 400 per sq.ft. It is located in Somangalam village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Vanavil Shiva Garden has changed

The guideline value for Vanavil Shiva Garden has remained consistent over the years. The 2017 revision set the figure at Rs 400 per sq.ft, which was unchanged in the subsequent revisions of 2023 and 2024, where it also remained at Rs 400 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 regarding this street.

From 2017 to 2024, there has been a 0% change in the guideline value, indicating stability in the pricing for this location. The revisions from 2023 to 2024 also reflect no change, maintaining the value at Rs 400 per sq.ft.

Guideline values in Somangalam

In Somangalam, there are 86 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for the village is Rs 350 per sq.ft, placing Vanavil Shiva Garden's 2024 figure above this median.

• Thoiba Garden - II: Rs 250 per sq.ft (2024)
• Thoiba Garden I: Rs 250 per sq.ft (2024)
• Thoiba Garden: Rs 250 per sq.ft (2024)
• Thiruvallur Road: Rs 200 per sq.ft (2024)
• Vignesh Avenue (Vignesh Nagar): Rs 400 per sq.ft (2024)
• Vikram Colony: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Vanavil Shiva Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Vanavil Shiva Garden?

The Sub Registrar Office that covers Vanavil Shiva Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Somangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the necessary fees. This ensures that the transaction is recorded accurately according to government regulations.

Frequently asked questions

What is the current guideline value of Vanavil Shiva Garden?

The current guideline value of Vanavil Shiva Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vanavil Shiva Garden has remained at Rs 400 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for Vanavil Shiva Garden?

Vanavil Shiva Garden is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value.

Where is the Sub Registrar Office for Vanavil Shiva Garden located?

The Sub Registrar Office covering Vanavil Shiva Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.