Guideline Value for SHREE RAM NAGAR

Shree Ram Nagar guideline value

The current guideline value of Shree Ram Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Shree Ram Nagar has changed

The guideline value for Shree Ram Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back to Rs 626 per sq.ft, and the current 2024 revision maintains this figure with no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained effectively unchanged, showing a 0% change over this period.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the current guideline value of Shree Ram Nagar.

• Shree Nagar: Rs 626 per sq.ft (2024)
• Shree Golden Avenue& Extn: Rs 626 per sq.ft (2024)
• Shivananda Puram Lay Out: Rs 626 per sq.ft (2024)
• Shenbaga Poo Street: Rs 626 per sq.ft (2024)
• Sha Shang Avenu: Rs 400 per sq.ft (2024)
• Singaravelan Avenue: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Ram Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total to Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shree Ram Nagar?

The Sub Registrar Office that covers Shree Ram Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial reference point during the registration of property transactions in Kakkalur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers and sellers must ensure that the sale price is equal to or higher than the guideline value. This ensures compliance with local regulations and helps in the accurate calculation of associated fees.

Frequently asked questions

What is the current guideline value of Shree Ram Nagar?

The current guideline value of Shree Ram Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then back to Rs 626 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What is the land classification of Shree Ram Nagar?

The land classification for Shree Ram Nagar is Residential Class II Type - III, indicating its use for residential purposes.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 56,340.

Which office handles property registrations in Shree Ram Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations in Shree Ram Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.