Guideline Value for SREE MAHESWARI NAGAR

Sree Maheswari Nagar guideline value

The current guideline value of Sree Maheswari Nagar is Rs 350 per sq.ft, as per the 2023 revision. This area falls under Ayathur village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Sree Maheswari Nagar has changed

Looking at the historical revisions, the guideline value for Sree Maheswari Nagar was Rs 350 per sq.ft in 2012. In the subsequent revision of 2017, the value decreased to Rs 234 per sq.ft, marking a decline of 33%. However, in the most recent 2023 revision, the guideline value increased to Rs 350 per sq.ft, reflecting a rise of 50% from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 350 per sq.ft. It is important to note that there are no available figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ayathur

Currently, there are no specific guideline values provided for other streets in Ayathur. Sree Maheswari Nagar is the only street mentioned in the context of guideline values under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sree Maheswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, while the registration fee at 2% would be Rs 7,000, resulting in a total of Rs 31,500 for these charges. It is important to note that the duty is charged on either the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Maheswari Nagar?

The Sub Registrar Office that covers Sree Maheswari 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 Ayathur

When buying or selling property in Sree Maheswari Nagar, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Understanding this value can help in making informed decisions regarding property dealings in the area.

Frequently asked questions

What is the current guideline value of Sree Maheswari Nagar?

The current guideline value of Sree Maheswari Nagar is Rs 350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, and then back to Rs 350 per sq.ft in 2023. This reflects a 50% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

Are there any guideline values for other streets in Ayathur?

Currently, there are no specific guideline values available for other streets in Ayathur. Sree Maheswari Nagar is the only street mentioned in this context.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These charges are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Sree Maheswari Nagar?

The registration for Sree Maheswari Nagar is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.