Guideline Value for S.R.S. Nagar

S.R.S. Nagar guideline value

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

How the guideline value of S.R.S. Nagar has changed

The guideline value of S.R.S. Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 2,100 per sq.ft in 2012. However, there was a decrease to Rs 1,407 per sq.ft in the 2017 revision. The 2023 revision brought the value up to Rs 2,100 per sq.ft, and the most recent 2024 revision set it at Rs 2,310 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, followed by a 10% rise from 2023 to 2024. The overall increase from the 2007 revision to the 2024 revision is a remarkable 1055%, highlighting significant changes in the guideline value over the years.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with 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 matches the current guideline value of S.R.S. Nagar.

• S.R.S. Nagar Part - 2: 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

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 be Rs 1,61,700, and 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.R.S. Nagar?

The S.R.S. Nagar area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Perungalathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is legally documented and taxed appropriately.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 1055% over the years.

What are the stamp duty rates for property in S.R.S. Nagar?

The stamp duty for property in S.R.S. Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How many streets in Perungalathur have a guideline value?

There are 411 streets in Perungalathur under the Padappai SRO that have a guideline value, with the values ranging from Rs 1,320 to Rs 5,500 per sq.ft.