Guideline Value for SRI SANKARA NAGAR

Sri Sankara Nagar guideline value

The current guideline value of Sri Sankara Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Sankara Nagar has changed

Looking at the revisions, the guideline value for Sri Sankara Nagar has seen notable changes over the years. The 2017 revision recorded a value of Rs 201 per sq.ft. In the 2023 revision, the value increased to Rs 300 per sq.ft, and this figure remained the same in the 2024 revision, indicating no change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The absence of data for these years means that the only revisions impacting the current guideline value are from 2017, 2023, and 2024.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with the median value being Rs 300 per sq.ft. The guideline value for Sri Sankara Nagar aligns with this median at Rs 300 per sq.ft.

• Sri Selliamman Nagar Ext: Rs 300 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 300 per sq.ft (2024)
• Srinivasan Nagar: Rs 300 per sq.ft (2024)
• Sri Mehar Baba Nagar: Rs 300 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 300 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sankara Nagar

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

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

Which Sub Registrar Office covers Sri Sankara Nagar?

Sri Sankara Nagar falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Anupampattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is documented at a fair value as per government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sankara Nagar?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 201 per sq.ft to Rs 300 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What are the stamp duty and registration fees for property in Sri Sankara Nagar?

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,00,000. The stamp duty is Rs 21,000, and the registration fee is Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Sri Sankara Nagar?

The Ponneri Sub Registrar Office covers Sri Sankara Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Where can I find more information about other streets in Anupampattu?

Information about other streets in Anupampattu can be found in the guideline value register, which lists various streets and their respective values under the Ponneri SRO.