Guideline Value for SHRIRAM SHANKARI

Shriram Shankari guideline value

The current guideline value of Shriram Shankari, located in Perumattu Nellore village under the Chengleput Joint II SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Shriram Shankari has changed

The guideline value for Shriram Shankari has remained consistent at Rs 700 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

As noted, the change from 2023 to 2024 is +0%, indicating no fluctuation in the guideline value during this period. The consistent valuation reflects stability in the property classification for this area.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Shriram Shankari.

• Shree Kanniga Parameswari Nagar: Rs 500 per sq.ft (2024)
• Shanthi Nagar: Rs 700 per sq.ft (2024)
• Siva Mangala Nagar: Rs 700 per sq.ft (2024)
• Selvi Nagar: Rs 800 per sq.ft (2024)
• Sree Ambal Nagar: Rs 700 per sq.ft (2024)
• Sree Karumariamman Nagar Extension: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Shriram Shankari

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shriram Shankari?

The Shriram Shankari area is covered by 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 further assistance.

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

The guideline value is a crucial factor in determining the registration fees and stamp duty when buying or selling property in Perumattu Nellore. It serves as a benchmark for assessing the value of transactions and is used to calculate the applicable duties.

When a property is registered, the guideline value is referenced to ensure that the transaction is compliant with local regulations. This helps maintain transparency and consistency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Shriram Shankari?

The current guideline value of Shriram Shankari is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Shriram Shankari?

Shriram Shankari is classified as Residential Special Type - II, which indicates its designated use within the area.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Shriram Shankari?

The Chengleput Joint II Sub Registrar Office handles registrations for Shriram Shankari, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.