Guideline Value for Va.Voo.Si Street

Va.Voo.Si Street guideline value

The current guideline value of Va.Voo.Si Street is Rs 200 per sq.ft. This street is located in Nemili_B village under the Sriperumpudur SRO, 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. The oldest recorded revision is from 2017, where the value was Rs 134 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 200 per sq.ft. The 2024 revision has kept the value at Rs 200 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same figure from 2023. The register has no figures for Va.Voo.Si Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Va.Voo.Si Street's 2024 guideline value is below this median.

• Vasantham Colony: Rs 200 per sq.ft (2024)
• Venkatachalam Nagar: Rs 250 per sq.ft (2024)
• Venkatachalam Nagar Extn: Rs 250 per sq.ft (2024)
• 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)

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

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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_B

The guideline value is a crucial factor during the registration of property transactions in Nemili_B. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When buying or selling property, the guideline value helps in determining the legal obligations related to taxes and fees. It is essential for both parties to understand the guideline value to avoid discrepancies during the registration process.

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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Va.Voo.Si Street was Rs 134 per sq.ft in 2017 and increased to Rs 200 per sq.ft in both 2023 and 2024, marking a 49% increase overall since 2017.

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

Va.Voo.Si Street is classified as Residential Class III Type - I under the current guidelines.

Which Sub Registrar Office manages registrations for Va.Voo.Si Street?

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

How is the stamp duty calculated for properties in Va.Voo.Si Street?

Stamp duty for properties in Va.Voo.Si Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.