Guideline Value

Corporate

Guideline Value for SRI RAM NAGAR (VAL)

₹881/sq.ft.

The guideline value for Sri Ram Nagar (val) in Thailavaram village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 881 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thailavaram

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹881 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Ram Nagar (val)

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Sri Ram Nagar (Val) guideline value

The current guideline value of Sri Ram Nagar (Val) is Rs 881 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

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

Over the years, the guideline value of Sri Ram Nagar (Val) has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft, reflecting a decrease of 33%. In the following years, the value increased significantly, reaching Rs 800 per sq.ft in the 2023 revision, and then rising to Rs 881 per sq.ft in the 2024 revision, marking a 10% increase.

From the 2017 revision to the 2023 revision, the value surged by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

Thailavaram village has a total of 132 streets under the Chengleput Joint II SRO, with guideline values in 2024 ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing the value of Sri Ram Nagar (Val) above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value would be Rs 8,81,000. The stamp duty at 7% would amount to Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total cost for these fees to Rs 79,290. It is important to note that the 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 more details.

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

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

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

The guideline value is a crucial aspect when buying or selling property in Thailavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records. Buyers should be aware that the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When engaging in a property transaction, it is essential to consult the guideline value to understand the financial implications. The guideline value is updated periodically, reflecting changes in the real estate market and local developments, which can influence the overall cost of property transactions.

Frequently asked questions

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

The current guideline value of Sri Ram Nagar (Val) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the land classification of Sri Ram Nagar (Val)?

Sri Ram Nagar (Val) is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Ram Nagar (Val)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 8,81,000, leading to a stamp duty of Rs 61,670.