Guideline Value for SRI RAM NAGAR

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO and is classified as Mixed Special Type - I.

How the guideline value of Sri Ram Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, where it was reduced to Rs 536 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 800 per sq.ft, where it remained in the 2024 revision as well, showing a 49% increase from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, comparing the 2012 to 2024 revisions, the guideline value has not changed, remaining at Rs 800 per sq.ft. The changes reflect a significant fluctuation, particularly between the 2017 and 2023 revisions.

Guideline values in Athur A Block

Athur A Block has a total of 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,525 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Sri Ram Nagar's 2024 figure above this median.

• Sri Ranga Nagar: Rs 1,525 per sq.ft (2024)
• Sri Ragavandira Nagar: Rs 600 per sq.ft (2024)
• Srinivasa Avenue: Rs 500 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Sri Malli Nathar Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total charges Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar?

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

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a crucial factor when registering property transactions in Athur A Block. It serves as the minimum value for which properties can be sold, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer purchases a property, the guideline value will determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, particularly from Rs 800 in 2012 to Rs 536 in 2017, and then back to Rs 800 in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the median guideline value for streets in Athur A Block?

The median guideline value for streets in Athur A Block is Rs 600 per sq.ft, with Sri Ram Nagar's 2024 figure being above this median.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office registers properties in Sri Ram Nagar?

The Chengleput Joint II Sub Registrar Office is responsible for registering properties in Sri Ram Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.