Guideline Value for SRI RAM NAGAR

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar, located in Navaloor village under the Thiruporur SRO, is Rs 1,400 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Ram Nagar has changed

The guideline value for Sri Ram Nagar has seen several revisions over the years. In 2007, the value was Rs 475 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The most significant change occurred from 2017 to 2023, where the value surged by 109% to reach the current rate of Rs 1,400 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Overall, from 2007 to 2023, the guideline value has increased by 195%, reflecting the changes in the property market over this period. The revisions indicate a fluctuating trend, with notable increases and decreases at different intervals.

Guideline values in Navaloor

Currently, there are no specific village figures provided for Navaloor. Sri Ram Nagar is one of the streets under the Thiruporur SRO. Other streets in Navaloor include:

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 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000. Together, the total fees would be Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during a property transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the government receives the correct revenue from property transactions. Buyers and sellers must be aware of the guideline value to accurately assess their financial obligations during the sale process.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 1,400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, showing an overall increase of 195% over the years.

What is the registration office for Sri Ram Nagar?

The Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, covers Sri Ram Nagar.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,26,000, which includes stamp duty and registration fees based on the guideline value.

Are there any other streets in Navaloor with guideline values?

Currently, there are no specific figures provided for other streets in Navaloor. Sri Ram Nagar is the only street mentioned under the Thiruporur SRO.