Guideline Value for SRI RAM NAGAR

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar, located in Nedumbaram village under the Thiruttani SRO, is Rs 150 per sq.ft, effective from 1 July 2024. The land classification for this area is New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Sri Ram Nagar has changed

In the 2024 revision, the guideline value for Sri Ram Nagar is set at Rs 150 per sq.ft. This figure has remained the same as in the 2023 revision, which also recorded a guideline value of Rs 150 per sq.ft. For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

From 2023 to 2024, there was no change in the guideline value, indicating a stability in the pricing for this period. The absence of registered figures for earlier years suggests that there has been a lack of recorded changes in the guideline value for Sri Ram Nagar over those years.

Guideline values in Nedumbaram

In Nedumbaram, there are four streets under the Thiruttani SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 151 per sq.ft, placing Sri Ram Nagar's 2024 figure below that median.

• Shanthi Nagar I: Rs 100 per sq.ft (2024)
• Vargeesh Avenue: Rs 152 per sq.ft (2024)
• Thirumalai Nagar: Rs 500 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 of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Nedumbaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

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 stamp duty and registration 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 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Ram Nagar has been Rs 150 per sq.ft since the 2023 revision and remains the same in the 2024 revision. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Nedumbaram?

The guideline values for other streets in Nedumbaram range from Rs 100 to Rs 500 per sq.ft. For example, Shanthi Nagar I is Rs 100 per sq.ft, Vargeesh Avenue is Rs 152 per sq.ft, and Thirumalai Nagar is Rs 500 per sq.ft in 2024.

How is stamp duty calculated for properties in Sri Ram Nagar?

Stamp duty for properties in Sri Ram Nagar is calculated based on the higher of the guideline value or the sale price. For instance, a 1,000 sq.ft plot at the guideline value of Rs 150 per sq.ft results in a total guideline value of Rs 1,50,000, with applicable stamp duty and registration fees calculated accordingly.

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

The Sub Registrar Office for Sri Ram Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.