Guideline Value for VSS CBI Police Officers Colony

VSS CBI Police Officers Colony guideline value

The current guideline value of VSS CBI Police Officers Colony is Rs 350 per sq.ft, effective from 1 July 2024. This colony is located in Nallur village, under the Sriperumpudur SRO, and is classified as a New House Site Type -III (Approved Lay-Out).

How the guideline value of VSS CBI Police Officers Colony has changed

The guideline value for VSS CBI Police Officers Colony has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it dropped to Rs 234 per sq.ft in the 2017 revision before stabilizing at Rs 350 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 50%. The 2023 to 2024 revision shows no change, maintaining the value at Rs 350 per sq.ft. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 75%.

Guideline values in Nallur

In Nallur, there are 33 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 700 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing VSS CBI Police Officers Colony above this median.

• VSS CBI OFFICERS COLONY Phase - 7: Rs 350 per sq.ft (2024)
• Vignesh Nagar: Rs 350 per sq.ft (2024)
• Vianayagapuri: Rs 250 per sq.ft (2024)
• Thirupathy Nagar: Rs 175 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 350 per sq.ft (2024)
• Sri Sastha Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in VSS CBI Police Officers Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total cost for these fees Rs 31,500. 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 VSS CBI Police Officers Colony?

The VSS CBI Police Officers Colony is covered by 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 Nallur

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees are based on a standardized valuation.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with legal requirements. This value helps in providing transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of VSS CBI Police Officers Colony?

The current guideline value of VSS CBI Police Officers Colony is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since 2023, with a previous drop to Rs 234 per sq.ft in 2017. The value was Rs 350 per sq.ft in 2012 and Rs 200 per sq.ft in 2007.

What are the stamp duty and registration fees for property in this colony?

For a 1,000 sq.ft plot, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500 based on the guideline value.

Which office handles registrations for this area?

The Sriperumpudur Sub Registrar Office handles registrations for VSS CBI Police Officers Colony, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions. It ensures that these fees are based on a standardized valuation for transparency in the process.