Guideline Value for SREE SAINAGAR

Sree Sainagar guideline value

The current guideline value of Sree Sainagar is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Thenmalpakkam village, under the Chengleput Joint II SRO, with a land classification of Mixed Special Type - II.

How the guideline value of Sree Sainagar has changed

Since the earliest revision, the guideline value for Sree Sainagar has seen several changes. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision marked a decrease to Rs 234 per sq.ft, which was a drop of 33% from the previous figure. Following this, the value increased by 50% to Rs 350 per sq.ft in the 2023 revision, and it has remained stable at this rate into the 2024 revision, reflecting a 0% change from 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes noted are strictly between the years with available figures.

Guideline values in Thenmalpakkam

In Thenmalpakkam village, there are 8 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Sree Sainagar's 2024 figure below that median.

• Sendhur Murugan Avenue: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Sri Sathiya Sai Nagar: Rs 550 per sq.ft (2024)
• Vishwa Garden Phase-I: Rs 600 per sq.ft (2024)
• Grace Garden: Rs 550 per sq.ft (2024)
• A.V.R.Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Sainagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Sainagar?

The Sub Registrar Office that covers Sree Sainagar 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thenmalpakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must ensure that the sale price meets or exceeds the guideline value to avoid any legal complications during registration.

During the registration process, the guideline value is used to calculate the applicable stamp duty, which is a mandatory payment. This ensures that all property transactions are recorded accurately and fairly, reflecting the official value set by the government.

Frequently asked questions

What is the current guideline value of Sree Sainagar?

The current guideline value of Sree Sainagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then back to Rs 350 per sq.ft in 2023 and 2024. The changes reflect a decrease and subsequent increase over the years.

What are the guideline values for other streets in Thenmalpakkam?

Other streets in Thenmalpakkam have varying guideline values, ranging from Rs 300 to Rs 600 per sq.ft in 2024. The median value for these streets is Rs 550 per sq.ft.

What is the stamp duty rate for property in Sree Sainagar?

The stamp duty rate for property in Sree Sainagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sree Sainagar located?

The Sub Registrar Office for Sree Sainagar is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.