Guideline Value for SHIRIDI NAGAR

Shiridi Nagar guideline value

The current guideline value of Shiridi Nagar is Rs 1,000 per sq.ft. This area is located in Melakottyur village, under the Gooduvancheri Sub Registrar Office (SRO), with a land classification of Residential Special Type - III.

How the guideline value of Shiridi Nagar has changed

Over the years, the guideline value of Shiridi Nagar has undergone several revisions. The 2012 revision set the guideline value at Rs 1,000 per sq.ft, which remained unchanged in the 2023 revision. However, between the 2012 and 2017 revisions, there was a decrease of 33%, bringing the value down to Rs 670 per sq.ft in 2017. From 2017 to 2023, the value increased by 49% back to Rs 1,000 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, from 2012 to 2023, the guideline value has remained stable, showing no percentage change.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Shiridi Nagar is one of the streets under the Gooduvancheri SRO, but there are no other streets in Melakottyur listed with guideline values.

Stamp duty and registration fee for property in Shiridi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shiridi Nagar?

The Sub Registrar Office that covers Shiridi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Melakottyur

The guideline value is an essential factor when registering property transactions in Melakottyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point. Buyers and sellers must consider this value to ensure compliance with legal and financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Shiridi Nagar?

The current guideline value of Shiridi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023. Overall, there has been no percentage change from 2012 to 2023.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Shiridi Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Are there any other streets in Melakottyur with guideline values?

Currently, there are no other streets in Melakottyur listed with guideline values under the Gooduvancheri SRO.