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. This street is located in Santhavellur_B village under the Sunguvarchattram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of varasithi Vinayagar Street has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 200 per sq.ft. With the 2024 revision, the value has again been set at Rs 200 per sq.ft, indicating no change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same value of Rs 200 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for varasithi Vinayagar Street is below this 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 300 per sq.ft (2024)
• VMR Nagar: Rs 200 per sq.ft (2024)
• Theruveethiamman Kovil Street: Rs 300 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 guideline value of Rs 200 per sq.ft, the total guideline value would be 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, making the total cost for these fees 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers varasithi Vinayagar Street?

The varasithi Vinayagar Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 Santhavellur_B

The guideline value is a crucial factor during the registration process when buying or selling property in Santhavellur_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the state.

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?

Since the 2017 revision, the guideline value has increased by 49%, remaining stable at Rs 200 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for varasithi Vinayagar Street?

The land classification for varasithi Vinayagar Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for property in varasithi Vinayagar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000.