Guideline Value for SRI NAGAR

Sri Nagar guideline value

The current guideline value of Sri Nagar, located in Kalivanthapattu village under the Thiruporur SRO, is Rs 450 per sq.ft as per the 2024 revision. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Nagar has changed

According to the register, there are no figures for Sri Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 450 per sq.ft for the 2023 revision and remains unchanged at Rs 450 per sq.ft for the 2024 revision, reflecting a 0% change between these two years.

Thus, the guideline value for Sri Nagar has remained stable at Rs 450 per sq.ft since the 2023 revision, with no fluctuations noted in the previous revisions for this street.

Guideline values in Kalivanthapattu

In Kalivanthapattu, there are 19 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 605 per sq.ft, positioning Sri Nagar's value below the median.

• Sri Munnusamy Nagar: Rs 600 per sq.ft (2024)
• Sri Kuberan Avenue: Rs 450 per sq.ft (2024)
• Sri Krishna Nagar: Rs 605 per sq.ft (2024)
• Sri Aishwaryam Nagar: Rs 896 per sq.ft (2024)
• Sundrapuram: Rs 600 per sq.ft (2024)
• Thirunagar: Rs 450 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 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees to Rs 40,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Nagar?

The Sub Registrar Office that covers Sri Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kalivanthapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the authorities will use the guideline value to calculate the necessary fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Nagar?

The current guideline value of Sri Nagar is Rs 450 per sq.ft, effective from the 2024 revision.

How has the guideline value of Sri Nagar changed over the years?

The guideline value for Sri Nagar has remained at Rs 450 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Nagar?

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

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

The total fees for a property valued at Rs 4,50,000 would include a stamp duty of Rs 31,500 and a registration fee of Rs 9,000, totaling Rs 40,500.

Where is the Thiruporur Sub Registrar Office located?

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