Guideline Value for SREERAM NAGAR

Sreeram Nagar guideline value

The current guideline value of Sreeram Nagar, located in 96 Sirunkundram village under the Thiruporur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Sreeram Nagar has changed

The guideline value for Sreeram Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 200 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft. Following this, the value increased to Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating a notable increase of 49% from 2017 to 2023, while the value remained stable at Rs 200 per sq.ft from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in 96 Sirunkundram

In 96 Sirunkundram, there are four streets that carry a guideline value for 2024, ranging from Rs 150 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is the same as the guideline value for Sreeram Nagar.

• Sri Ganapathi Nagar: Rs 200 per sq.ft (2024)
• Veerapathiran Nagar: Rs 150 per sq.ft (2024)
• Ganesh Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sreeram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the 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 Sreeram Nagar?

The Sreeram Nagar area falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 96 Sirunkundram

The guideline value is a crucial factor during the registration of property transactions in 96 Sirunkundram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the sale price alone.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations associated with the transaction. Buyers should ensure that they are prepared for the costs associated with the guideline value when planning their purchase.

Frequently asked questions

What is the current guideline value of Sreeram Nagar?

The current guideline value of Sreeram Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in both 2023 and 2024. Overall, from 2012 to 2024, the value has remained unchanged at Rs 200 per sq.ft.

What are the guideline values of other streets in 96 Sirunkundram?

The other streets in 96 Sirunkundram include Sri Ganapathi Nagar and Ganesh Nagar, both with a guideline value of Rs 200 per sq.ft, and Veerapathiran Nagar, which has a guideline value of Rs 150 per sq.ft for 2024.

What fees are associated with buying property in Sreeram Nagar?

When buying property in Sreeram Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sreeram Nagar located?

The Sub Registrar Office covering Sreeram Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.