Guideline Value for SRI SAI SREEVARI NAGAR

Sri Sai Sreevari Nagar guideline value

The current guideline value of Sri Sai Sreevari Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Mamandoor village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Sai Sreevari Nagar has changed

The guideline value for Sri Sai Sreevari Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This remained unchanged in the 2017 revision, where the value increased to Rs 335 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 500 per sq.ft, and in the 2024 revision, it remained at Rs 500 per sq.ft, showing no change from the previous year.

From 2012 to 2024, the overall change in guideline value is +0%. The changes between the revisions indicate a significant increase of 49% from 2017 to 2023, while there was no figure available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, which aligns with the 2024 figure for Sri Sai Sreevari Nagar.

• Sri Vathsa Nagar Phase2: Rs 500 per sq.ft (2024)
• Sri Vathsa Nagar Phasei: Rs 500 per sq.ft (2024)
• Sri Padmaladha Avenue: Rs 650 per sq.ft (2024)
• S.P.Avenue: Rs 300 per sq.ft (2024)
• Thirumalai Nagar: Rs 500 per sq.ft (2024)
• Senthil Nagar: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to 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 Sai Sreevari Nagar?

The Sub Registrar Office that covers Sri Sai Sreevari 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mamandoor. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration process reflects the official valuation of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Sri Sai Sreevari Nagar?

The current guideline value of Sri Sai Sreevari Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024, resulting in an overall change of +0% from 2012 to 2024.

What are the stamp duty and registration fees for property in Sri Sai Sreevari Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,00,000. The stamp duty is Rs 35,000, and the registration fee is Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office covers Sri Sai Sreevari Nagar?

The Chengleput Joint II Sub Registrar Office covers Sri Sai Sreevari Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value determined in Mamandoor?

The guideline value in Mamandoor is determined by the local authorities and is based on various factors, including land classification and the median values of other streets in the area.