Guideline Value for SRI SRINIVASA NAGAR

Sri Srinivasa Nagar guideline value

The current guideline value of Sri Srinivasa Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO, and the land classification is Mixed Type - I.

How the guideline value of Sri Srinivasa Nagar has changed

The guideline value for Sri Srinivasa Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 600 per sq.ft, which is the same as the previous revision in 2023. The 2017 revision recorded a guideline value of Rs 402 per sq.ft, marking a significant increase of 49% from that year to 2023. Prior to that, the 2012 revision also set the value at Rs 600 per sq.ft, reflecting a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 600 per sq.ft.

Guideline values in Athur A Block

Athur A Block comprises 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value of Sri Srinivasa Nagar.

• Sri Vijaya Nagar: Rs 600 per sq.ft (2024)
• Stephy Garden: Rs 600 per sq.ft (2024)
• Sri Ranga Nagar: Rs 1,525 per sq.ft (2024)
• Sri Ram Nagar: Rs 800 per sq.ft (2024)
• Sri Ragavandira Nagar: Rs 600 per sq.ft (2024)
• Srinivasa Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Srinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Srinivasa Nagar?

Sri Srinivasa Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Athur A Block, as it determines the minimum value at which properties can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Nagar?

The current guideline value of Sri Srinivasa Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in 2023 and 2024, while it was Rs 402 per sq.ft in 2017. There was a decrease from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, but overall, the value from 2012 to 2024 has not changed.

What are the other streets in Athur A Block with similar guideline values?

Other streets in Athur A Block with a guideline value of Rs 600 per sq.ft include Sri Vijaya Nagar, Stephy Garden, and Sri Ragavandira Nagar. Additionally, Sri Ram Nagar has a value of Rs 800 per sq.ft, while Sri Ranga Nagar has a higher value of Rs 1,525 per sq.ft.

How is stamp duty calculated for properties in Sri Srinivasa Nagar?

Stamp duty for properties in Sri Srinivasa Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a stamp duty of Rs 42,000.

Where can I find more information about the Chengleput Joint II SRO?

More information about the Chengleput Joint II SRO can be found at its office located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can also find your SRO online for additional details.