Guideline Value for VSR NAGAR

Vsr Nagar guideline value

The current guideline value for Vsr Nagar is Rs 426 per sq.ft, effective from 1 July 2024. This area is located in Sirupinayoor, Thiruvanthavar, Perungazhi village and falls under the Salavakkam SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Vsr Nagar has changed

Over the years, the guideline value for Vsr Nagar has seen several revisions. The 2012 revision set the value at Rs 425 per sq.ft, which slightly decreased to Rs 285 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 426 per sq.ft in 2023, where it has remained unchanged through the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 figure to the current 2024 value shows no change, as both are effectively at Rs 426 per sq.ft.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor, Thiruvanthavar, Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft, with a median value of Rs 150 per sq.ft. Vsr Nagar's current guideline value is above this median, indicating a higher valuation compared to many other streets in the area.

• Vvip Nagar: Rs 150 per sq.ft (2024)
• Vr Promotors Thendral Nagar: Rs 100 per sq.ft (2024)
• Welcome City: Rs 100 per sq.ft (2024)
• Welcome City Part-I: Rs 100 per sq.ft (2024)
• Wood Creek: Rs 100 per sq.ft (2024)
• Vishwa Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vsr Nagar

For a 1,000 sq.ft plot at the current rate of Rs 426 per sq.ft, the guideline value amounts to Rs 4,26,000. The stamp duty at 7% would be Rs 29,820, and the registration fee at 2% would be Rs 8,520, totaling Rs 38,340. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vsr Nagar?

The Sub Registrar Office that covers Vsr Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a crucial factor during property transactions in Sirupinayoor, Thiruvanthavar, Perungazhi. It serves as a benchmark for determining the minimum value of a property, ensuring that properties are registered at a value that reflects their worth according to government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal transactions. This ensures that both buyers and sellers are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value for Vsr Nagar?

The current guideline value for Vsr Nagar is Rs 426 per sq.ft, effective from 1 July 2024.

How has the guideline value of Vsr Nagar changed over the years?

The guideline value for Vsr Nagar has remained at Rs 426 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 285 per sq.ft in 2017. The value was Rs 425 per sq.ft in 2012.

What is the land classification for Vsr Nagar?

Vsr Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

What is the stamp duty rate for property transactions in Vsr Nagar?

The stamp duty rate for property transactions in Vsr Nagar is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Vsr Nagar located?

The Sub Registrar Office for Vsr Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.