Guideline Value for SRI RAM NAGAR

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in 154 Karanai village, under the jurisdiction of the Thirukazhukundram SRO. The land classification for this street is Mixed Type - III.

How the guideline value of Sri Ram Nagar has changed

The guideline value for Sri Ram Nagar has seen no changes in recent revisions. The 2023 revision recorded a guideline value of Rs 825 per sq.ft, which remains unchanged in the 2024 revision.

For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street. Thus, the only figures available are from the 2023 and 2024 revisions, both set at Rs 825 per sq.ft.

Guideline values in 154 Karanai

In 154 Karanai, four streets carry a 2024 guideline value, ranging from Rs 825 to Rs 1,000 per sq.ft. The median value for these streets is Rs 825 per sq.ft, making Sri Ram Nagar's 2024 figure equal to this median.

• Bhuvaneswari Garden: Rs 1,000 per sq.ft (2024)
• Magizhchi Nagar: Rs 825 per sq.ft (2024)
• Port Town: Rs 825 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 rate, the guideline value is Rs 8,25,000. The stamp duty at 7% amounts to Rs 57,750, and the registration fee at 2% is Rs 16,500. Together, the total cost for these fees is Rs 74,250. 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?

The Sub Registrar Office covering Sri Ram Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 154 Karanai

The guideline value is a crucial factor in the registration process when buying or selling property in Sri Ram Nagar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 825 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in 154 Karanai?

In 154 Karanai, other streets have the following guideline values: Bhuvaneswari Garden at Rs 1,000 per sq.ft, Magizhchi Nagar at Rs 825 per sq.ft, and Port Town at Rs 825 per sq.ft, all for the year 2024.

What fees are associated with property registration in Sri Ram Nagar?

When registering property in Sri Ram Nagar, the stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 74,250.

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

The Sub Registrar Office for Sri Ram Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.