Guideline Value for SREE NAGAR PART -III

Sree Nagar Part -III guideline value

The current guideline value of Sree Nagar Part -III is Rs 1,100 per sq.ft. This street is located in Sengundram - 1 village, under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sree Nagar Part -III has changed

The guideline value for Sree Nagar Part -III has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,000 per sq.ft. With the 2024 revision, effective from 1 July 2024, the guideline value increased to Rs 1,100 per sq.ft, marking a change of +10% from the previous year.

This increase reflects the adjustments made in the guideline values for properties in the area. The 2024 figure of Rs 1,100 per sq.ft is higher than the median value of Rs 880 per sq.ft for the 126 streets in Sengundram - 1 under the Chengleput Joint II SRO.

Guideline values in Sengundram - 1

The guideline values for properties in Sengundram - 1 vary significantly, with figures ranging from Rs 660 to Rs 3,285 per sq.ft. Sree Nagar Part -III's 2024 guideline value is above the median of Rs 880 per sq.ft. Below are the guideline values for other streets in Sengundram - 1:

• Sree Nagar Part -II: Rs 1,100 per sq.ft (2024)
• Sre Nagar Part - I (Chen): Rs 1,100 per sq.ft (2024)
• Sree Gomathees Varar Nagar: Rs 770 per sq.ft (2024)
• Sree Gokulapuram Extn -3: Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram Extn -2 (Chen): Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram Extension: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Nagar Part -III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sree Nagar Part -III?

The Sub Registrar Office that covers Sree Nagar Part -III is 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 more details.

How the guideline value is used when you buy or sell in Sengundram - 1

When buying or selling property in Sengundram - 1, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to calculate the applicable charges, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Ensuring that the correct guideline value is applied will help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sree Nagar Part -III?

The current guideline value of Sree Nagar Part -III is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sree Nagar Part -III was Rs 1,000 per sq.ft in 2023 and increased to Rs 1,100 per sq.ft in 2024. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Sengundram - 1?

Other streets in Sengundram - 1 have varying guideline values, with figures ranging from Rs 660 to Rs 3,285 per sq.ft. Sree Nagar Part -III's value is above the median of Rs 880 per sq.ft for the area.

How is the stamp duty calculated for properties in Sree Nagar Part -III?

Stamp duty for properties in Sree Nagar Part -III is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft incurs a stamp duty of Rs 77,000.

Where can I find the Sub Registrar Office for Sree Nagar Part -III?

The Sub Registrar Office for Sree Nagar Part -III is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.