Guideline Value for SRI SAIRAM NAGAR

Sri Sairam Nagar guideline value

The current guideline value of Sri Sairam Nagar is Rs 201 per sq.ft, effective from 1 July 2024. This area is located in Dasari Kuppam village and falls under the Chengleput Joint II SRO. The land classification for this region is Industries Type - I.

How the guideline value of Sri Sairam Nagar has changed

The guideline value for Sri Sairam Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was then revised to Rs 134 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has brought the value to Rs 201 per sq.ft, a slight increase of 1% from the previous year.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Dasari Kuppam

Currently, there are no specific village figures available for Dasari Kuppam. Sri Sairam Nagar is the only street mentioned under the Chengleput Joint II SRO.

Stamp duty and registration fee for property in Sri Sairam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 201 per sq.ft, the guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, bringing the total to Rs 18,090. It is important to note that 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 Sairam Nagar?

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

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

The guideline value plays a crucial role during property transactions in Dasari Kuppam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Sairam Nagar?

The current guideline value of Sri Sairam Nagar is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 201 per sq.ft in 2024.

What is the land classification for Sri Sairam Nagar?

The land classification for Sri Sairam Nagar is Industries Type - I.

Where can I find the Sub Registrar Office for Sri Sairam Nagar?

The Sub Registrar Office for Sri Sairam Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Sri Sairam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,01,000, the stamp duty would be Rs 14,070 at a rate of 7%.