Guideline Value for SAIRAM NAGAR EXTN

Sairam Nagar Extn guideline value

The current guideline value of Sairam Nagar Extn is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Venkatapuram village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sairam Nagar Extn has changed

Over the years, the guideline value for Sairam Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision saw a significant increase to Rs 335 per sq.ft, marking a 49% rise from the previous revision. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but overall, from 2012 to 2024, there has been no change, maintaining the value at Rs 500 per sq.ft. The current 2024 revision reflects a 0% change from the previous year, 2023.

Guideline values in Venkatapuram

Venkatapuram has 29 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sairam Nagar Extn is above this median.

• Sairam Nagar Extension II: Rs 1,200 per sq.ft (2024)
• Sairam Nagar: Rs 500 per sq.ft (2024)
• Sapthagiri Nagar: Rs 400 per sq.ft (2024)
• Sathiya Narayana Nagar: Rs 400 per sq.ft (2024)
• Rajesh Nagar: Rs 400 per sq.ft (2024)
• Rainbow Garden: Rs 1,344 per sq.ft (2024)

Stamp duty and registration fee for property in Sairam Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, together totaling Rs 45,000. 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 Sairam Nagar Extn?

The Sub Registrar Office that covers Sairam Nagar Extn is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Venkatapuram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is essential for both parties to understand the official valuation of the property. This helps in determining the financial obligations related to the transaction, including taxes and fees.

Frequently asked questions

What is the current guideline value of Sairam Nagar Extn?

The current guideline value of Sairam Nagar Extn is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sairam Nagar Extn has remained at Rs 500 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 335 per sq.ft in 2017 to 2023.

What are the guideline values of other streets in Venkatapuram?

Other streets in Venkatapuram have varying guideline values, ranging from Rs 400 to Rs 2,500 per sq.ft. For example, Sairam Nagar Extension II is Rs 1,200 per sq.ft, while Sapthagiri Nagar, Sathiya Narayana Nagar, and Rajesh Nagar are all Rs 400 per sq.ft.

How is stamp duty calculated for properties in Sairam Nagar Extn?

Stamp duty for properties in Sairam Nagar Extn is calculated based on the higher of the guideline value or the sale price. For instance, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 35,000.

Where can I find the Sub Registrar Office for Sairam Nagar Extn?

The Sub Registrar Office for Sairam Nagar Extn is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.