Guideline Value for SRI NAGAR

Sri Nagar guideline value

The current guideline value of Sri Nagar, located in Vilamgadu village under the Acchirapakkam SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and falls under the Commercial Class I Type - I land classification.

How the guideline value of Sri Nagar has changed

According to the register, the guideline value for Sri Nagar has remained consistent at Rs 150 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, the 2023 revision also recorded the same value of Rs 150 per sq.ft. The register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

This indicates that the guideline value has not changed for several years, with the most recent updates being in 2023 and 2024. The consistent valuation suggests stability in the guideline value for this area.

Guideline values in Vilamgadu

In addition to Sri Nagar, there are other streets in Vilamgadu under the Acchirapakkam SRO that share the same guideline value of Rs 150 per sq.ft. These streets include:

• Kahana Nagar A: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sri Nagar?

The Sub Registrar Office that covers Sri Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. To find more information about your SRO, you can find your SRO.

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

The guideline value plays a crucial role in the property registration process in Vilamgadu. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the registration office uses this value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property transactions. The guideline value is periodically revised, and staying updated with these changes can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sri Nagar?

The current guideline value of Sri Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Nagar has remained at Rs 150 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Nagar?

Sri Nagar falls under the Commercial Class I Type - I land classification, which indicates its intended use and regulatory framework.

What are the stamp duty and registration fees for property in Sri Nagar?

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. This office handles the registration of properties in the area, including Sri Nagar.