Guideline Value for SREE NAGAR PART -II

Sree Nagar Part -II guideline value

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

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

The guideline value for Sree Nagar Part -II has seen several revisions over the years. The most recent revision took place in 2024, setting the guideline value at Rs 1,100 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,000 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Prior to the 2023 revision, the last recorded figure was Rs 1,000 per sq.ft in 2023. The changes from 2023 to 2024 reflect an upward adjustment in the guideline value, indicating a shift in the valuation for this area.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. Sree Nagar Part -II's 2024 figure of Rs 1,100 per sq.ft is above this median.

• Sree Nagar Part -III: 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 -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sree Nagar Part -II?

The Sree Nagar Part -II is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value of Sree Nagar Part -II 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 -II was Rs 1,000 per sq.ft in 2023, and it increased by 10% to Rs 1,100 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sree Nagar Part -II?

The land classification for Sree Nagar Part -II is Residential Special Type - III, which indicates its intended use for residential purposes.

What is the registration office for Sree Nagar Part -II?

The registration office that covers Sree Nagar Part -II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

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

Stamp duty for properties in Sree Nagar Part -II is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.