Guideline Value for SRIHARSHAM'S VARAM

Sriharsham's Varam guideline value

The current guideline value of Sriharsham's Varam is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village, under the Selaiyur SRO, classified as Mixed Special Type - III.

How the guideline value of Sriharsham's Varam has changed

Over the years, the guideline value for Sriharsham's Varam has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,600 per sq.ft, which was then increased to Rs 2,800 per sq.ft in the 2024 revision, marking an 8% increase.

Prior to the 2023 revision, the latest recorded figure was from 2024. This consistent increase reflects the adjustments made in the guideline values over the years.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value for these streets is Rs 2,100 per sq.ft, positioning Sriharsham's Varam above this median.

• Sri Karumariamman Koil Street: Rs 1,300 per sq.ft (2024)
• Sri Perumal Nagar: Rs 1,650 per sq.ft (2024)
• Subbulakshmi Street: Rs 1,300 per sq.ft (2024)
• Sundar Nagar: Rs 1,900 per sq.ft (2024)
• Santhanapuram: Rs 2,100 per sq.ft (2024)
• Thazhambur Main Road: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sriharsham's Varam

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sriharsham's Varam?

The Sub Registrar Office that covers Sriharsham's Varam is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Arasankalani

The guideline value is a crucial factor during property registration in Arasankalani. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on the official valuation rather than the sale price alone.

When buying or selling property, the guideline value helps maintain transparency in transactions. It ensures that the government receives the appropriate revenue through stamp duty based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sriharsham's Varam?

The current guideline value of Sriharsham's Varam is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 2,600 per sq.ft to Rs 2,800 per sq.ft, reflecting an 8% increase.

What is the land classification of Sriharsham's Varam?

Sriharsham's Varam is classified as Mixed Special Type - III, which influences its guideline value and usage.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Sriharsham's Varam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.