Guideline Value for SRI SAIRAM NAGAR

Sri Sairam Nagar guideline value

The current guideline value of Sri Sairam Nagar is Rs 3,700 per sq.ft, effective from 1 July 2024. This area is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Special Type - III.

How the guideline value of Sri Sairam Nagar has changed

The guideline value of Sri Sairam Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 2,345 per sq.ft. This increased to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 3,700 per sq.ft, which is a 6% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 58%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value of Sri Sairam Nagar is above this median.

• Sri Sai Nagar: Rs 2,725 per sq.ft (2024)
• Sri Sankara Hospital: Rs 850 per sq.ft (2024)
• Sri Sai Garden (Hill View): Rs 3,300 per sq.ft (2024)
• Sri Sai Garden Annex: Rs 3,400 per sq.ft (2024)
• Sri Sai Garden: Rs 3,200 per sq.ft (2024)
• Sri Sastha Nagar: Rs 3,300 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 rate of Rs 3,700 per sq.ft, the guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, totaling Rs 3,33,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the 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 Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during property registration in Perumbakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it may influence negotiations and the final sale price. Buyers should ensure that the sale price is at least equal to or higher than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sri Sairam Nagar?

The current guideline value of Sri Sairam Nagar is Rs 3,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,700 per sq.ft in 2024, marking a total increase of 58% over these years.

What are the stamp duty and registration fees for properties in Sri Sairam Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 3,33,000.

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

The Sub Registrar Office for Sri Sairam Nagar is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration. It ensures that the appropriate stamp duty and registration fees are collected based on the higher of the guideline value or the sale price.