Guideline Value for SRI RAM NAGAR

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar, located in Maduramankalam B village under the Kanchipuram Joint IV SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Sri Ram Nagar has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Sri Ram Nagar. The most recent revision is from 2024, which sets the guideline value at Rs 400 per sq.ft.

Since the 2024 revision is the only figure available, there have been no changes in the guideline value for Sri Ram Nagar between the previous years and the current rate. The consistency in the guideline value indicates stability for this street.

Guideline values in Maduramankalam B

Currently, there are no specific village figures available for Maduramankalam B. Sri Ram Nagar is the only street mentioned under the Kanchipuram Joint IV SRO in this area.

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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, while the registration fee at 2% would be Rs 8,000. Together, the total cost for stamp duty and registration fee would be Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ram Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Sri Ram Nagar. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, 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 Maduramankalam B

The guideline value is a critical factor during the registration process when buying or selling property in Maduramankalam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the costs involved in the transaction.

When a property is sold, the guideline value helps in assessing the legal documentation and compliance with local regulations. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning for their transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

What land classification does Sri Ram Nagar fall under?

Sri Ram Nagar is classified as Residential Class I Type - III according to the land classification regulations.

Have there been any changes in the guideline value for Sri Ram Nagar?

There have been no changes in the guideline value for Sri Ram Nagar between the revisions. The only figure available is from the 2024 revision.

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

For a property valued at the current guideline value of Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Sri Ram Nagar located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.