Guideline Value for sri vigneshwara nagar

Sri Vigneshwara Nagar guideline value

The current guideline value of Sri Vigneshwara Nagar is Rs 268 per sq.ft, effective from 1 July 2024. This area is located in Mappedu village, under the Perambakkam Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - II.

How the guideline value of Sri Vigneshwara Nagar has changed

The guideline value for Sri Vigneshwara Nagar has remained consistent over the years. The 2017 revision recorded a value of Rs 268 per sq.ft, which was maintained in the subsequent 2023 revision. The latest 2024 revision also lists the guideline value at Rs 268 per sq.ft, indicating no change from the previous revisions.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has seen no increase, remaining at Rs 268 per sq.ft throughout this period.

Guideline values in Mappedu

In Mappedu, there are nine streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 234 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Sri Vigneshwara Nagar's 2024 figure below this median.

• Star City: Rs 268 per sq.ft (2024)
• Sri Krishna Nagar: Rs 234 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 275 per sq.ft (2024)
• Thirukumaran Nagar: Rs 300 per sq.ft (2024)
• Sadasivam Nagar: Rs 275 per sq.ft (2024)
• Rose Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vigneshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 268 per sq.ft, the total guideline value amounts to Rs 2,68,000. The stamp duty at 7% would be Rs 18,760, and the registration fee at 2% would be Rs 5,360, bringing the total fees to Rs 24,120. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vigneshwara Nagar?

The Sub Registrar Office that covers Sri Vigneshwara Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mappedu

The guideline value plays a crucial role in the registration process when buying or selling property in Mappedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Vigneshwara Nagar?

The current guideline value of Sri Vigneshwara Nagar is Rs 268 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sri Vigneshwara Nagar has remained constant at Rs 268 per sq.ft since the 2017 revision, with no changes recorded in the subsequent revisions of 2023 and 2024.

What are the other streets in Mappedu with their guideline values?

Other streets in Mappedu include Star City, Sri Krishna Nagar, Sri Dhanalakshmi Nagar, Thirukumaran Nagar, Sadasivam Nagar, and Rose Garden, with guideline values ranging from Rs 234 to Rs 400 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Vigneshwara Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 18,760 and the registration fee would be Rs 5,360, totaling Rs 24,120.

Where can I find the Sub Registrar Office for Sri Vigneshwara Nagar?

The Sub Registrar Office for Sri Vigneshwara Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.