Guideline Value for SRI AMMAN NAGAR PHASE-III

Sri Amman Nagar Phase-III guideline value

The current guideline value for Sri Amman Nagar Phase-III is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Rallapadi village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Sri Amman Nagar Phase-III has changed

The guideline value for Sri Amman Nagar Phase-III has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which increased to Rs 150 per sq.ft in the 2023 revision, marking a 50% increase. The value remained unchanged at Rs 150 per sq.ft in the 2024 revision, reflecting a 0% change from the previous year.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 50%.

Guideline values in Rallapadi

Currently, there are no specific guideline values available for other streets in Rallapadi under the Arani_Tiruvallur SRO. Sri Amman Nagar Phase-III is the only street mentioned in the available data.

Stamp duty and registration fee for property in Sri Amman Nagar Phase-III

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Sri Amman Nagar Phase-III?

The Sub Registrar Office that covers Sri Amman Nagar Phase-III is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Rallapadi. It determines the minimum value at which properties can be registered, ensuring transparency in real estate transactions.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Sri Amman Nagar Phase-III?

The current guideline value for Sri Amman Nagar Phase-III is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024. This represents a 50% increase overall from 2017 to 2024.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles registrations for Sri Amman Nagar Phase-III?

The Arani_Tiruvallur Sub Registrar Office handles registrations for Sri Amman Nagar Phase-III. It is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

Are there other streets in Rallapadi with guideline values?

Currently, there are no specific guideline values available for other streets in Rallapadi under the Arani_Tiruvallur SRO.