Guideline Value for SRI SRINIVASA PERUMAL NAGAR

Sri Srinivasa Perumal Nagar guideline value

The current guideline value of Sri Srinivasa Perumal Nagar, located in Sirunagalur village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Srinivasa Perumal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, reflecting a reduction of 33%. The value then increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The current 2024 revision also maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 100 per sq.ft.

Guideline values in Sirunagalur

In Sirunagalur, there are three streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Sri Srinivasa Perumal Nagar's 2024 figure is below this median.

• Sri Venkateshwara Nagar Phase-I: Rs 600 per sq.ft (2024)
• Sudarmathi Nagar & Ext: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Srinivasa Perumal 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 be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. 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 precise calculations.

Which Sub Registrar Office covers Sri Srinivasa Perumal Nagar?

The Sub Registrar Office that covers Sri Srinivasa Perumal Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Sirunagalur. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees that buyers must pay.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Perumal Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 100 per sq.ft in 2012, decreased to Rs 67 per sq.ft in 2017, increased to Rs 100 per sq.ft in 2023, and remains at Rs 100 per sq.ft in 2024.

What are the guideline values of other streets in Sirunagalur?

Other streets in Sirunagalur have varying guideline values: Sri Venkateshwara Nagar Phase-I has a value of Rs 600 per sq.ft, and Sudarmathi Nagar & Ext is at Rs 300 per sq.ft for 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Srinivasa Perumal Nagar located?

The Madurandakam Sub Registrar Office, which covers Sri Srinivasa Perumal Nagar, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.