Guideline Value for SRI RAM NAGAR MAIN ROAD

Sri Ram Nagar Main Road guideline value

The current guideline value of Sri Ram Nagar Main Road is Rs 4,300 per sq.ft, effective from 1 July 2024. This property is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Ram Nagar Main Road has changed

The guideline value for Sri Ram Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then dropped to Rs 2,680 per sq.ft in the 2017 revision, marking a decrease of 33%. In 2023, the value increased to Rs 4,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,300 per sq.ft, reflecting an increase of 8% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Sri Ram Nagar Main Road is above this median.

• Stephenson 1st Street: Rs 4,300 per sq.ft (2024)
• Stephenson Lane: Rs 4,300 per sq.ft (2024)
• Stephenson Road: Rs 4,300 per sq.ft (2024)
• Subash Chandra Bose Road: Rs 3,800 per sq.ft (2024)
• Subbaraya Mudali Street: Rs 4,300 per sq.ft (2024)
• Subramaniam Koil Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the guideline value totals Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar Main Road?

The Sub Registrar Office that covers Sri Ram Nagar Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for additional assistance.

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

The guideline value is an essential factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration norms and to calculate applicable fees accurately.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar Main Road?

The current guideline value of Sri Ram Nagar Main Road is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,300 per sq.ft in 2024.

What is the land classification for Sri Ram Nagar Main Road?

Sri Ram Nagar Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Sri Ram Nagar Main Road?

The Sub Registrar Office for Sri Ram Nagar Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How do stamp duty and registration fees work in property transactions?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.