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_C village under the Sunguvarchattram SRO, classified as 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. It remained unchanged at Rs 200 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, showing no percentage change between 2023 and 2024. The overall change from 2017 to 2024 is an increase of 49%.

There are no figures available for varasithi Vinayagar Street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO with guideline values ranging from Rs 200 to Rs 2,000 per sq.ft. The median value is Rs 350 per sq.ft, placing varasithi Vinayagar Street's 2024 figure 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)
• 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 would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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_C

The guideline value is a critical factor when registering property transactions in Santhavellur_C. It determines the minimum value at which property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration 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 increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, resulting in a 49% overall increase from 2017 to 2024.

What is the median guideline value in Santhavellur_C?

The median guideline value in Santhavellur_C is Rs 350 per sq.ft, while varasithi Vinayagar Street's 2024 figure of Rs 200 per sq.ft is below this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a plot valued at Rs 2,00,000 would incur a total of Rs 18,000 in fees.

Which office handles registrations for varasithi Vinayagar Street?

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