Guideline Value for SRI SAIRAM TOWNSHIP

Sri Sairam Township guideline value

The current guideline value for Sri Sairam Township in Vakkupattu A village is Rs 500 per sq.ft, effective from the 2024 revision. This area falls under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Sairam Township has changed

The guideline value for Sri Sairam Township has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 335 per sq.ft, which was maintained through the 2023 revision. In 2024, the guideline value was revised to Rs 500 per sq.ft, marking a 49% increase from the 2017 figure.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 500 per sq.ft. Overall, from 2017 to 2024, the guideline value increased by 49%.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,090 per sq.ft, with the median value being Rs 500 per sq.ft. The guideline value for Sri Sairam Township is equal to this median.

• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Tierra: Rs 2,090 per sq.ft (2024)
• Unnamed Layout: Rs 400 per sq.ft (2024)
• Un Named Layout (Farmsite) S.No:822/2c,2d,2e,2f,2g,2h,2j,2k,2l: Rs 400 per sq.ft (2024)
• Velammal Nagar: Rs 400 per sq.ft (2024)
• Sai Baba Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sairam Township

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sairam Township?

Sri Sairam Township is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of properties in Vakkupattu A. It is used to determine the amount of stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Sairam Township?

The current guideline value for Sri Sairam Township is Rs 500 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 335 per sq.ft to Rs 500 per sq.ft in 2024.

What are the stamp duty rates for properties in Sri Sairam Township?

The stamp duty for properties in Sri Sairam Township is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification for Sri Sairam Township?

Sri Sairam Township is classified as Residential Class I Type - I, which indicates its designation for residential purposes.