Guideline Value for varasithi Vinayagar Street

varasithi Vinayagar Street guideline value

The current guideline value of varasithi Vinayagar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of varasithi Vinayagar Street has changed

The guideline value for varasithi Vinayagar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 200 per sq.ft. The next revision in 2024 also maintained the value at Rs 200 per sq.ft, indicating no change from the previous year.

Looking back further, the 2017 revision recorded a value of Rs 134 per sq.ft, reflecting a significant increase of 49% by the 2023 revision. The 2012 revision to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value in this village is Rs 500 per sq.ft, placing varasithi Vinayagar Street's 2024 figure below that median.

• Vasavi Nagar: Rs 700 per sq.ft (2024)
• Vasuki Nagar: Rs 700 per sq.ft (2024)
• Venus Nagar: Rs 400 per sq.ft (2024)
• Vinatha Nagar: Rs 305 per sq.ft (2024)
• VMR Nagar: Rs 200 per sq.ft (2024)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 per sq.ft (2024)

Stamp duty and registration fee for property in varasithi Vinayagar 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. 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 varasithi Vinayagar Street?

The Sub Registrar Office that covers varasithi Vinayagar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a reference point for property transactions in Santhavellur, ensuring that the registration process is standardized. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Accurate knowledge of the guideline value can aid in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of varasithi Vinayagar Street?

The current guideline value of varasithi Vinayagar Street 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 at Rs 200 per sq.ft since 2012, with a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, and it has not changed since then.

What are the stamp duty and registration fees for property on this street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Which Sub Registrar Office covers varasithi Vinayagar Street?

The Sunguvarchattram Sub Registrar Office covers varasithi Vinayagar Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the median guideline value in Santhavellur?

The median guideline value in Santhavellur is Rs 500 per sq.ft, which is higher than the current guideline value of varasithi Vinayagar Street.