Guideline Value for sri karpaga vinayaga nagar part-1

Sri Karpaga Vinayaga Nagar Part-1 guideline value

The current guideline value of Sri Karpaga Vinayaga Nagar Part-1 is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Nemili village, under the Sriperumpudur SRO, and is classified as Mixed Type - I land.

How the guideline value of Sri Karpaga Vinayaga Nagar Part-1 has changed

The guideline value for Sri Karpaga Vinayaga Nagar Part-1 has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,000 per sq.ft. The 2017 revision saw a decrease to Rs 670 per sq.ft, marking a -33% change from the 2012 figure. Notably, from 2017 to 2023, there was a significant increase of 49% back to Rs 1,000 per sq.ft.

From 2012 to 2024, the guideline value overall has shown no change, remaining at Rs 1,000 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nemili

Nemili village has a total of 66 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 1,000 per sq.ft. The median guideline value in this village is Rs 250 per sq.ft, placing Sri Karpaga Vinayaga Nagar Part-1 above this median.

• Sri Kamatchi Nagar: Rs 210 per sq.ft (2024)
• Srinivasa Nagar: Rs 210 per sq.ft (2024)
• Sri Ram Nagar: Rs 400 per sq.ft (2024)
• Sri Ram Nagar Extn: Rs 300 per sq.ft (2024)
• Sowbagiya Co-operative Nagar: Rs 300 per sq.ft (2024)
• Subash Chandrabose Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Karpaga Vinayaga Nagar Part-1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karpaga Vinayaga Nagar Part-1?

The Sub Registrar Office that covers Sri Karpaga Vinayaga Nagar Part-1 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 critical factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value helps ensure that the property is registered at a fair value, thereby facilitating the collection of appropriate taxes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transaction.

Frequently asked questions

What is the current guideline value of Sri Karpaga Vinayaga Nagar Part-1?

The current guideline value of Sri Karpaga Vinayaga Nagar Part-1 is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, it remains unchanged at Rs 1,000 per sq.ft.

What is the median guideline value in Nemili?

The median guideline value in Nemili is Rs 250 per sq.ft. Sri Karpaga Vinayaga Nagar Part-1's guideline value is above this median.

How is stamp duty calculated for properties in Sri Karpaga Vinayaga Nagar Part-1?

Stamp duty is calculated at 7% on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the stamp duty would be Rs 70,000.

Which office handles property registration for Sri Karpaga Vinayaga Nagar Part-1?

The Sriperumpudur Sub Registrar Office handles property registration for Sri Karpaga Vinayaga Nagar Part-1, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.