Guideline Value for S.R.S. NAGAR PART - 2

S.R.S. Nagar Part - 2 guideline value

The current guideline value of S.R.S. Nagar Part - 2 is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of S.R.S. Nagar Part - 2 has changed

In the 2017 revision, the guideline value was Rs 1,407 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in the 2023 revision, reflecting a change of 49%. The most recent revision in 2024 set the value at Rs 2,310 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is equal to the guideline value of S.R.S. Nagar Part - 2.

• S.R.S. Nagar: Rs 2,310 per sq.ft (2024)
• S.R.S. Nagar Part-3: Rs 2,310 per sq.ft (2024)
• S.S. Avenue: Rs 1,650 per sq.ft (2024)
• Subadhra Theru: Rs 1,650 per sq.ft (2024)
• Subash Street: Rs 2,310 per sq.ft (2024)
• Subbammal Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.S. Nagar Part - 2

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, while the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.R.S. Nagar Part - 2?

The Sub Registrar Office that covers S.R.S. Nagar Part - 2 is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in the eyes of the law.

When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of S.R.S. Nagar Part - 2?

The current guideline value of S.R.S. Nagar Part - 2 is Rs 2,310 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,310 per sq.ft in 2024, which is an overall increase of 64%.

What is the registration office for S.R.S. Nagar Part - 2?

The registration office for S.R.S. Nagar Part - 2 is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in S.R.S. Nagar Part - 2?

Stamp duty for properties in S.R.S. Nagar Part - 2 is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What is the median guideline value for streets in Perungalathur?

The median guideline value for streets in Perungalathur is Rs 2,310 per sq.ft, which is the same as the guideline value for S.R.S. Nagar Part - 2.