Guideline Value for SRI RAM NAGAR (KR)

Sri Ram Nagar (Kr) guideline value

The current guideline value of Sri Ram Nagar (Kr) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Sri Ram Nagar (Kr) has changed

The guideline value for Sri Ram Nagar (Kr) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by the current rate of Rs 661 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back up to Rs 600 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sri Ram Nagar (Kr) below this median with its current guideline value of Rs 661 per sq.ft.

• Sri Sakthi Nagar (Ward -15): Rs 661 per sq.ft (2024)
• Srinivasa Nagar (Kr): Rs 661 per sq.ft (2024)
• Sri Maruthi Nagar (Sa): Rs 550 per sq.ft (2024)
• Sri Lakshmi Nagar (Sa): Rs 661 per sq.ft (2024)
• Sri Krishna 4th Street Korukanthangal (Ward -18): Rs 661 per sq.ft (2024)
• Sri Hari Avenue Phase -V: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220. Together, these fees would total Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar (Kr)?

The Chengleput Joint II Sub Registrar Office covers Sri Ram Nagar (Kr). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Peramanoor, as it determines the minimum value at which properties can be registered. This value is used to calculate the applicable stamp duty and registration fees, which are essential components of the property transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline values to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar (Kr)?

The current guideline value of Sri Ram Nagar (Kr) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and currently to Rs 661 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sri Ram Nagar (Kr)?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,61,000. The stamp duty at 7% is Rs 46,270, and the registration fee at 2% is Rs 13,220, totaling Rs 59,490.

Which office handles registrations for Sri Ram Nagar (Kr)?

The Chengleput Joint II Sub Registrar Office handles registrations for Sri Ram Nagar (Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Sri Ram Nagar (Kr)?

Sri Ram Nagar (Kr) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.