Guideline Value for SRI SRINIVASA NAGAR

Sri Srinivasa Nagar guideline value

The current guideline value of Sri Srinivasa Nagar is Rs 450 per sq.ft. This street is located in Villiyampakkam village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

How the guideline value of Sri Srinivasa Nagar has changed

The guideline value for Sri Srinivasa Nagar has remained consistent at Rs 450 per sq.ft since the 2023 revision, with no change from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value was set at Rs 450 per sq.ft, reflecting a 0% change from the 2023 revision. This indicates stability in the guideline value for this street over the last two years.

Guideline values in Villiyampakkam

In Villiyampakkam, there are 17 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 401 to Rs 950 per sq.ft. The median guideline value in the village is Rs 500 per sq.ft, placing Sri Srinivasa Nagar's 2024 figure below this median.

• Subhlabh Avenue: Rs 450 per sq.ft (2024)
• Sukra Avenue: Rs 401 per sq.ft (2024)
• Sri Durga Nagar: Rs 401 per sq.ft (2024)
• Senthoore Avenue: Rs 500 per sq.ft (2024)
• Sakthi Veerammal Nagar: Rs 401 per sq.ft (2024)
• Vignesh Nagar: Rs 401 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 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, making the total cost for these fees Rs 40,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 Villiyampakkam

The guideline value is a crucial factor when registering property transactions in Villiyampakkam. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is documented at a value recognized by the government, which helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Nagar?

The current guideline value of Sri Srinivasa Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Villiyampakkam?

Other streets in Villiyampakkam have guideline values ranging from Rs 401 to Rs 950 per sq.ft, with a median value of Rs 500 per sq.ft. Sri Srinivasa Nagar's guideline value is below this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, on a plot valued at Rs 4,50,000, the total fees would be Rs 40,500.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided link.