Guideline Value for SREE TIRUMALA NAGARPHASE-1

Sree Tirumala Nagarphase-1 guideline value

The current guideline value of Sree Tirumala Nagarphase-1 is Rs 700 per sq.ft, as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Sree Tirumala Nagarphase-1 has changed

The guideline value for Sree Tirumala Nagarphase-1 has seen several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft. However, in 2017, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The most recent revision in 2023 restored the value to Rs 700 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Overall, comparing the values from 2012 to 2023, there has been no net change, as the value remained at Rs 700 per sq.ft in both 2012 and 2023. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024.

Guideline values in Pakkam

Currently, there are no specific village figures available for Pakkam. Sree Tirumala Nagarphase-1 is part of the guideline value listings in this area.

Stamp duty and registration fee for property in Sree Tirumala Nagarphase-1

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sree Tirumala Nagarphase-1?

The Sree Tirumala Nagarphase-1 area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

For additional details, you can find your SRO.

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

The guideline value is a critical factor when registering a property in Pakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sree Tirumala Nagarphase-1?

The current guideline value of Sree Tirumala Nagarphase-1 is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a peak of Rs 700 per sq.ft in both 2012 and 2023, and a drop to Rs 469 per sq.ft in 2017. The overall change from 2012 to 2023 is zero.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Sree Tirumala Nagarphase-1 located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the registration department and is used as a basis for calculating stamp duty and registration fees during property transactions. It reflects the value of properties in a specific area.