Guideline Value for Vaishnavi Farms

Vaishnavi Farms guideline value

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

How the guideline value of Vaishnavi Farms has changed

Over the years, the guideline value of Vaishnavi Farms has seen several revisions. In 2007, the guideline value was set at Rs 80 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, in 2017, the value dropped to Rs 134 per sq.ft. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

To summarize the changes: from 2017 to 2023, there was an increase of 49%. The leap from 2007 to 2012 was a significant +150%, but then the value decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Vaishnavi Farms below this median.

• Vaikuntham Nagar: Rs 200 per sq.ft (2024)
• Valar Nagar: Rs 200 per sq.ft (2024)
• Varatharajan Nagar: Rs 400 per sq.ft (2024)
• Vasuki Nagar: Rs 300 per sq.ft (2024)
• Venkatachalapathi Nagar: Rs 400 per sq.ft (2024)
• Thirumal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Farms

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, while the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vaishnavi Farms?

The Sub Registrar Office covering Vaishnavi Farms 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 Valarpuram

The guideline value is an essential factor during property registration in Valarpuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate taxes based on this value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vaishnavi Farms?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 200 per sq.ft. The value saw a drop in 2017 but increased significantly from 2007 to 2012.

What are the stamp duty and registration fees for Vaishnavi Farms?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Vaishnavi Farms?

The Sriperumpudur Sub Registrar Office handles property registrations for Vaishnavi Farms, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value and the associated stamp duty and registration fees. Buyers and sellers must consider the guideline value to ensure compliance during registration.