Guideline Value for Vairavar Nagar

Vairavar Nagar guideline value

The current guideline value of Vairavar Nagar is Rs 200 per sq.ft, effective from 1 July 2024. Vairavar Nagar is located in Mannoor village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vairavar Nagar has changed

Over the years, the guideline value of Vairavar Nagar has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 100 per sq.ft. This increased to Rs 200 per sq.ft in 2012, representing a 100% rise. However, it dropped to Rs 134 per sq.ft in 2017, which was a decrease of 33%. The value then remained stable at Rs 200 per sq.ft in 2023 and again in 2024, showing no change between these two years.

As a summary of the changes, from 2017 to 2023, there was a significant increase of 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 100%.

Guideline values in Mannoor

In Mannoor, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Vairavar Nagar is below this median.

• Udhaya Dinesh Nagar: Rs 200 per sq.ft (2024)
• Veeralaxmi Nagar: Rs 250 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)
• Thiru Nagar: Rs 250 per sq.ft (2024)
• Thirumurugan Nagar: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vairavar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vairavar Nagar?

The Sub Registrar Office that covers Vairavar Nagar 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 Mannoor

The guideline value is a critical factor in the registration process when buying or selling property in Mannoor. It is used to determine the stamp duty and registration fees payable during the transaction, ensuring that both parties comply with the legal requirements.

When a property is registered, the guideline value is considered to ascertain the applicable fees. This value helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vairavar Nagar?

The current guideline value of Vairavar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 200 per sq.ft since 2012, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. Overall, it has increased by 100% since 2007.

What is the classification of land in Vairavar Nagar?

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

Where can I find the Sub Registrar Office for Vairavar Nagar?

The Sub Registrar Office for Vairavar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Vairavar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would be Rs 14,000.