Guideline Value for SRI SAI RAM NAGAR

Sri Sai Ram Nagar guideline value

The current guideline value of Sri Sai Ram Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Achsaravakkam village, under the Thiruporur Sub Registrar Office (SRO), and is classified as Residential Class V Type - I.

How the guideline value of Sri Sai Ram Nagar has changed

Over the years, the guideline value for Sri Sai Ram Nagar has seen several revisions. The most recent revisions include Rs 200 per sq.ft for both 2023 and 2024, indicating no change between these two years. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, which marked a 49% increase when compared to the 2023 figure. In 2012, the value was Rs 200 per sq.ft, showing a decrease of 33% from the 2017 revision. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was the last time the value was recorded before the significant changes that followed.

Guideline values in Achsaravakkam

Achsaravakkam village has four streets under the Thiruporur SRO that carry a 2024 guideline value. The values range from Rs 200 to Rs 650 per sq.ft, with a median value of Rs 250 per sq.ft. Sri Sai Ram Nagar's guideline value is below this median.

• S.P. Savundarapandian Nagar Phase-II: Rs 200 per sq.ft (2024)
• Velmurugan Nagar: Rs 650 per sq.ft (2024)
• Jayalakshmi Nagar Prince Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Ram Nagar?

The Sub Registrar Office that covers Sri Sai Ram Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Achsaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

Frequently asked questions

What is the current guideline value for Sri Sai Ram Nagar?

The current guideline value for Sri Sai Ram Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with no change from 2023 to 2024, and a significant increase of 49% from 2017 to 2023. Overall, there has been no change from 2012 to 2024.

What are the other streets in Achsaravakkam with guideline values?

Other streets in Achsaravakkam include S.P. Savundarapandian Nagar Phase-II at Rs 200 per sq.ft, Velmurugan Nagar at Rs 650 per sq.ft, and Jayalakshmi Nagar Prince Garden at Rs 300 per sq.ft for the year 2024.

How is stamp duty calculated in Sri Sai Ram Nagar?

Stamp duty in Sri Sai Ram Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

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

The Sub Registrar Office for Sri Sai Ram Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.