Guideline Value for SRI SANDHIYA DEVI NAGAR

Sri Sandhiya Devi Nagar guideline value

The current guideline value of Sri Sandhiya Devi Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Arani_Tiruvallur SRO and is classified as Residential Class III Type - I.

How the guideline value of Sri Sandhiya Devi Nagar has changed

The guideline value for Sri Sandhiya Devi Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 67 per sq.ft. The register has no figures for the years 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, with no change from 2023 to 2024.

Guideline values in Serpedu

In addition to Sri Sandhiya Devi Nagar, there are other streets in Serpedu under the Arani_Tiruvallur SRO. The guideline values for these streets are as follows:

• Annai Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sandhiya Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sandhiya Devi Nagar?

The Sri Sandhiya Devi Nagar area is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Sri Sandhiya Devi Nagar, the guideline value is used as a basis for calculating the stamp duty and registration fees. This value is determined by the local registration office and is essential for ensuring that the transaction is legally compliant.

It is crucial to understand that the guideline value may differ from the actual sale price. Buyers and sellers should be aware of this distinction, as the higher of the two values will dictate the applicable duties and fees during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sandhiya Devi Nagar?

The current guideline value of Sri Sandhiya Devi Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2024, marking a 49% increase. The value remained unchanged from 2023 to 2024.

What is the land classification for Sri Sandhiya Devi Nagar?

Sri Sandhiya Devi Nagar is classified as Residential Class III Type - I, which indicates its designation for residential purposes.

Where can I find the registration office for Sri Sandhiya Devi Nagar?

The registration office for Sri Sandhiya Devi Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone.

How is stamp duty calculated for properties in Sri Sandhiya Devi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 1,00,000, leading to a stamp duty of Rs 7,000 and a registration fee of Rs 2,000.