Guideline Value for SRI Subramaniyar Nagar ExTN

SRI Subramaniyar Nagar ExTN guideline value

The current guideline value of SRI Subramaniyar Nagar ExTN is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of SRI Subramaniyar Nagar ExTN has changed

As per the guideline value register, the most recent revision in 2024 set the value at Rs 500 per sq.ft, which remains unchanged from the 2023 revision, also at Rs 500 per sq.ft. Prior to these, the 2017 revision recorded a guideline value of Rs 335 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been a total increase of 49% from 2017 to 2024. The stability in the guideline value from 2023 to 2024 indicates no change in the assessed value for this street during that period.

Guideline values in Arambakkam

In Arambakkam, there are a total of 33 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 800 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of SRI Subramaniyar Nagar ExTN is below this median.

• Sri Srinivasa Perumal Nagar Extn: Rs 400 per sq.ft (2024)
• Sri Srinivasa Perumal Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Muruga Garden: Rs 600 per sq.ft (2024)
• Sri Sai Green Homes: Rs 800 per sq.ft (2024)
• Subramaniaya Nagar: Rs 400 per sq.ft (2024)
• Sri Raghuraman Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in SRI Subramaniyar Nagar ExTN

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, which totals Rs 35,000, and the registration fee is 2%, amounting to Rs 10,000. Therefore, the combined total for stamp duty and registration fee is Rs 45,000. It is important 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 Subramaniyar Nagar ExTN?

The SRI Subramaniyar Nagar ExTN area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to 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 from property transactions in the area.

Frequently asked questions

What is the current guideline value of SRI Subramaniyar Nagar ExTN?

The current guideline value of SRI Subramaniyar Nagar ExTN is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 500 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What is the land classification for SRI Subramaniyar Nagar ExTN?

SRI Subramaniyar Nagar ExTN is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for SRI Subramaniyar Nagar ExTN?

The registration office for SRI Subramaniyar Nagar ExTN is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in SRI Subramaniyar Nagar ExTN?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft would incur a total guideline value of Rs 5,00,000, leading to a stamp duty of Rs 35,000 and a registration fee of Rs 10,000.