Guideline Value for SRB NAGAR

Srb Nagar guideline value

The current guideline value of Srb Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Puducheri village, the Oothukkottai SRO, and is classified as a New House Site Type -I (Individual House Site).

How the guideline value of Srb Nagar has changed

The guideline value for Srb Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 100 per sq.ft. The most recent 2024 revision has maintained this value at Rs 100 per sq.ft, resulting in an overall increase of 49% from the 2017 revision to the current rate.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The change from 2017 to 2023 was a significant increase of 49%, while the guideline value has remained constant from 2023 to 2024.

Guideline values in Puducheri

In addition to Srb Nagar, there are other streets in Puducheri under the Oothukkottai SRO. The guideline value for these streets varies, with some streets having higher rates than Srb Nagar.

• Sri Golden Avenue: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Srb Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost for these fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Srb Nagar?

The Sub Registrar Office that covers Srb Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puducheri. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees are based on a fair valuation of the property.

Frequently asked questions

What is the current guideline value of Srb Nagar?

The current guideline value of Srb Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, resulting in a 49% increase overall from 2017 to 2024.

Are there any years without a guideline value for Srb Nagar?

Yes, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Srb Nagar.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles property registration for Srb Nagar?

The Oothukkottai Sub Registrar Office handles property registration for Srb Nagar, located near the government hospital in Uthukottai, Chennai 602026.