Guideline Value for SRI KUMARAN NAGAR

Sri Kumaran Nagar guideline value

The current guideline value of Sri Kumaran Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Ekkanapettai village and falls under the Walajabad SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Sri Kumaran Nagar has changed

The guideline value for Sri Kumaran Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 400 per sq.ft, down from Rs 448 per sq.ft in the 2023 revision, marking a decrease of 11%. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has decreased from Rs 448 per sq.ft in 2023 to Rs 400 per sq.ft in 2024. There are no available figures for the earlier revisions listed, indicating that the guideline value for this street was not recorded in those years.

Guideline values in Ekkanapettai

Currently, there are no specific guideline values available for other streets in Ekkanapettai under the Walajabad SRO. The only guideline value we have is for Sri Kumaran Nagar.

Stamp duty and registration fee for property in Sri Kumaran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would amount to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Kumaran Nagar?

The Sub Registrar Office that covers Sri Kumaran Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ekkanapettai. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the buyer must pay the stamp duty and registration fee based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Kumaran Nagar?

The current guideline value of Sri Kumaran Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value decreased from Rs 448 per sq.ft in 2023 to Rs 400 per sq.ft in 2024. No figures are available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Kumaran Nagar?

Sri Kumaran Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Kumaran Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 28,000.