Guideline Value for SRI SRINIVASA NAGAR

Sri Srinivasa Nagar guideline value

The current guideline value of Sri Srinivasa Nagar is Rs 234 per sq.ft, effective from 1 July 2024. This street is located in Chendrampakkam village, under the Redhills Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Srinivasa Nagar has changed

The guideline value for Sri Srinivasa Nagar has remained consistent over the years. The register shows that the guideline value was Rs 234 per sq.ft for the revisions in 2017, 2023, and now in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2024 revision, there has been a 0% change. Similarly, the guideline value remained unchanged from 2023 to 2024, indicating stability in the valuation for this street over the recent years.

Guideline values in Chendrampakkam

In Chendrampakkam, there are 13 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 165 to Rs 385 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Sri Srinivasa Nagar's 2024 figure below this median.

• Sri Sai Residency: Rs 165 per sq.ft (2024)
• Shanthi Nagar Annex II: Rs 275 per sq.ft (2024)
• Shanthi Nagar Annex-I: Rs 275 per sq.ft (2024)
• Shanthi Nagar: Rs 275 per sq.ft (2024)
• Sairam Nagar: Rs 165 per sq.ft (2024)
• R.V. Krishnan Chettiyar Nagar: Rs 275 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 234 per sq.ft, the total guideline value amounts to Rs 2,34,000. The stamp duty, charged at 7%, would be Rs 16,380, and the registration fee at 2% would be Rs 4,680, bringing the total fees to Rs 21,060. 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 detailed calculations.

Which Sub Registrar Office covers Sri Srinivasa Nagar?

Sri Srinivasa Nagar falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chendrampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Nagar?

The current guideline value of Sri Srinivasa Nagar is Rs 234 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 234 per sq.ft since 2017, with no changes noted in the revisions for 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Chendrampakkam?

The median guideline value for streets in Chendrampakkam is Rs 275 per sq.ft, with Sri Srinivasa Nagar's value being below this median.

What are the stamp duty and registration fees for properties in Sri Srinivasa Nagar?

For a 1,000 sq.ft property at the guideline value of Rs 234 per sq.ft, the total guideline value is Rs 2,34,000. The stamp duty would be Rs 16,380 and the registration fee would be Rs 4,680, totaling Rs 21,060.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.