Guideline Value for Va.Voo.Si Street

Va.Voo.Si Street guideline value

The current guideline value of Va.Voo.Si Street is Rs 210 per sq.ft, effective from 1 July 2024. This street is located in Nemili village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Va.Voo.Si Street has changed

The guideline value for Va.Voo.Si Street has undergone several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 210 per sq.ft, reflecting a 5% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 5%.

Guideline values in Nemili

In Nemili village, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Va.Voo.Si Street's 2024 figure below that median.

• Venkateswara Nagar: Rs 250 per sq.ft (2024)
• Venkateswara nagar extn: Rs 250 per sq.ft (2024)
• V.G.P. Chakra Town - I: Rs 600 per sq.ft (2024)
• V.G.P. Chakra Town - II: Rs 600 per sq.ft (2024)
• Theru Veedhiyamman Koil Street: Rs 150 per sq.ft (2024)
• Subash Chandrabose Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Va.Voo.Si Street

For a 1,000 sq.ft plot at the current guideline value of Rs 210 per sq.ft, the total guideline value amounts to Rs 2,10,000. The stamp duty at 7% would be Rs 14,700, and the registration fee at 2% would be Rs 4,200, bringing the total cost for these fees to Rs 18,900. It is important 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 Va.Voo.Si Street?

The Sub Registrar Office that covers Va.Voo.Si Street 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 Nemili

When buying or selling property in Nemili, the guideline value is a crucial factor that determines the stamp duty and registration fees applicable to the transaction. It serves as the basis for calculating these fees, ensuring that they reflect the official valuation of the property.

At the time of registration, the guideline value is compared with the sale price. The higher of the two is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Va.Voo.Si Street?

The current guideline value of Va.Voo.Si Street is Rs 210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 210 per sq.ft in 2024.

What is the land classification for Va.Voo.Si Street?

Va.Voo.Si Street is classified as Residential Class III Type - I according to the local regulations.

How does the guideline value compare to other streets in Nemili?

The guideline value of Va.Voo.Si Street at Rs 210 per sq.ft is below the median value of Rs 250 per sq.ft for other streets in Nemili.

Where can I find the Sub Registrar Office for Va.Voo.Si Street?

The Sub Registrar Office for Va.Voo.Si Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.