Guideline Value for SRI SAIRAM NAGAR

Sri Sairam Nagar guideline value

The current guideline value of Sri Sairam Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is situated in Vellerithangal village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Sri Sairam Nagar has changed

The guideline value for Sri Sairam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 300 per sq.ft, which has remained consistent through the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Sairam Nagar's current guideline value is below this median.

• Sri Saibaba Nagar: Rs 300 per sq.ft (2024)
• SRI RAM Nagar: Rs 1,083 per sq.ft (2024)
• Sri Valli Nagar: Rs 400 per sq.ft (2024)
• Sri Krishna Mohana Nagar Phase III: Rs 903 per sq.ft (2024)
• Sri Balaji Estate: Rs 250 per sq.ft (2024)
• Treasure Land: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sairam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sairam Nagar?

The Sub Registrar Office that covers Sri Sairam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Vellerithangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the local market standards, thereby facilitating a transparent process for both parties involved.

Frequently asked questions

What is the current guideline value of Sri Sairam Nagar?

The current guideline value of Sri Sairam Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a drop to Rs 201 per sq.ft in 2017 before returning to Rs 300 per sq.ft in 2023.

What is the land classification of Sri Sairam Nagar?

Sri Sairam Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Sri Sairam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs a stamp duty of Rs 21,000.