Guideline Value for SRI RAM NAGAR/EXT

Sri Ram Nagar/Ext guideline value

The current guideline value for Sri Ram Nagar/Ext is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vellivoyal village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sri Ram Nagar/Ext has changed

In the 2017 revision, the guideline value for Sri Ram Nagar/Ext was Rs 268 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vellivoyal

In Vellivoyal, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 715 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which is equal to the guideline value for Sri Ram Nagar/Ext.

• Sri Sankara Vetrivel Garden: Rs 440 per sq.ft (2024)
• Sri Krishna Nagar/Ext: Rs 440 per sq.ft (2024)
• Subathra Nagar: Rs 330 per sq.ft (2024)
• Silver Nagar/Ext: Rs 495 per sq.ft (2024)
• Thekkan Colony: Rs 440 per sq.ft (2024)
• Thirumurthi Nagar: Rs 715 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Nagar/Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar/Ext?

The Sub Registrar Office that covers Sri Ram Nagar/Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Vellivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that both buyers and sellers comply with legal requirements during the transaction process.

When you buy or sell property, the guideline value helps in assessing the appropriate fees based on the property's value. This ensures transparency and fairness in the registration process, as the fees are calculated based on the established guideline values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar/Ext?

The current guideline value of Sri Ram Nagar/Ext is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, rising from Rs 268 per sq.ft to Rs 440 per sq.ft.

What is the registration office for Sri Ram Nagar/Ext?

The registration office for Sri Ram Nagar/Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

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

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Are there other streets in Vellivoyal with the same guideline value?

Yes, several other streets in Vellivoyal have a guideline value of Rs 440 per sq.ft in 2024, including Sri Sankara Vetrivel Garden, Sri Krishna Nagar/Ext, and Thekkan Colony.