Guideline Value for SRI RAMAKRISHNA NAGAR

Sri Ramakrishna Nagar guideline value

The current guideline value of Sri Ramakrishna Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - V.

How the guideline value of Sri Ramakrishna Nagar has changed

The guideline value register has no figures for Sri Ramakrishna Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 600 per sq.ft.

Since there are no figures for previous revisions, there have been no changes recorded between the revisions. The 2024 figure stands alone as the current guideline value for this street.

Guideline values in Athur B Block

Athur B Block has a total of 79 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making the guideline value of Sri Ramakrishna Nagar below this median.

• Sri Sai Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Margadarshan Vatika: Rs 1,493 per sq.ft (2024)
• Sri Srnivasa Avenue: Rs 1,344 per sq.ft (2024)
• Sri Vignesh Co-Op Nagar: Rs 500 per sq.ft (2024)
• Sri Giri Garden: Rs 1,195 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ramakrishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Ramakrishna Nagar?

The Sub Registrar Office that covers Sri Ramakrishna Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is an essential factor in the registration process when buying or selling property in Athur B Block. It serves as a basis for calculating stamp duty and registration fees, which are mandatory during property transactions.

When a property is registered, the guideline value helps ensure that the transaction reflects a fair assessment of the property's worth, as it is used to determine the applicable taxes and fees.

Frequently asked questions

What is the current guideline value of Sri Ramakrishna Nagar?

The current guideline value of Sri Ramakrishna Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

What is the land classification for Sri Ramakrishna Nagar?

Sri Ramakrishna Nagar is classified as Residential Class II Type - V.

Are there any previous guideline values for Sri Ramakrishna Nagar?

The guideline value register has no figures for Sri Ramakrishna Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

How does the guideline value compare to other streets in Athur B Block?

The guideline value of Rs 600 per sq.ft for Sri Ramakrishna Nagar is below the median value of Rs 700 per sq.ft for other streets in Athur B Block, which range from Rs 268 to Rs 1,525 per sq.ft in 2024.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.