Guideline Value for SRI RAM NAGAR

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Aangadu village under the Redhills SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Sri Ram Nagar has changed

The guideline value register has no figures for Sri Ram Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 has set the guideline value at Rs 400 per sq.ft.

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

Guideline values in Aangadu

In Aangadu, there are 23 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 275 per sq.ft, placing Sri Ram Nagar's 2024 figure above that median.

• Sri Vadivudai Amman Nagar: Rs 275 per sq.ft (2024)
• Royal Divine: Rs 550 per sq.ft (2024)
• Veerabatran Koil Street: Rs 275 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 275 per sq.ft (2024)
• Perumal Koil Street: Rs 275 per sq.ft (2024)
• Om Devi Amman Nagr: Rs 275 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. 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?

Sri Ram Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Aangadu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

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.

How has the guideline value changed over the years?

The guideline value register has no figures for Sri Ram Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 400 per sq.ft.

What is the land classification for Sri Ram Nagar?

Sri Ram Nagar falls under the Residential Special Type - II land classification, indicating its designated use for residential purposes.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Sri Ram Nagar?

The Redhills Sub Registrar Office handles registrations for Sri Ram Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.