Guideline Value for SRI RAM NAGAR

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 300 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class III Type - II.

How the guideline value of Sri Ram Nagar has changed

Looking at the revisions, the guideline value for Sri Ram Nagar was Rs 300 per sq.ft in 2012. It then decreased to Rs 201 per sq.ft in 2017. However, in the 2023 revision, the guideline value increased back to Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

From the 2017 revision to the 2023 revision, there was an increase of 49%. The change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2023, the guideline value remained unchanged at Rs 300 per sq.ft.

Guideline values in Thozhuvur

Currently, there are no specific guideline values provided for other streets in Thozhuvur. The only guideline value available is for Sri Ram Nagar.

Stamp duty and registration fee for property in Sri Ram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar?

The Sub Registrar Office that covers Sri Ram Nagar is 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 Thozhuvur

The guideline value is a crucial factor during the registration of property transactions in Thozhuvur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring transparency in the transaction process.

It is important to note that the guideline value serves as a benchmark for property transactions. Buyers and sellers should consider this value when negotiating sale prices, as it influences the overall costs associated with property registration.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023. The register has no figures for the years 2002, 2003, 2007, and 2024.

What is the stamp duty for property in Sri Ram Nagar?

The stamp duty for property in Sri Ram Nagar is 7% of the guideline value. For example, for a plot valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

Where is the Sub Registrar Office for Sri Ram Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office, which covers Sri Ram Nagar, is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically. It is based on various factors, including land classification and previous revision figures.