Guideline Value for SRI RAM NAGAR

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 550 per sq.ft, as per the 2023 revision. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Sri Ram Nagar has changed

Looking at the historical revisions, the guideline value for Sri Ram Nagar was Rs 700 per sq.ft in 2012. This figure decreased significantly to Rs 469 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2023 saw an increase to Rs 550 per sq.ft, which represents a rise of 17% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has decreased by 21%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in 192/87veppampattu

Currently, there are no specific village figures available for 192/87veppampattu. The street is situated under the jurisdiction of the Tiruvallur Joint 1 SRO.

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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar?

The Sri Ram Nagar property is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 192/87veppampattu

The guideline value serves as a benchmark for property transactions in Sri Ram Nagar. When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the appropriate taxes are collected based on the property's value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. The higher of the guideline value or the sale price will be considered for calculating the applicable duties.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 550 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 700 per sq.ft to Rs 469 per sq.ft. It then increased to Rs 550 per sq.ft in 2023, marking a rise of 17% from the 2017 figure.

What is the land classification for Sri Ram Nagar?

Sri Ram Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential purposes.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for properties in Sri Ram Nagar?

The registrations for properties in Sri Ram Nagar are handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.