Guideline Value for SRIKARAM SEASONS

Srikaram Seasons guideline value

The current guideline value for Srikaram Seasons in Illaloor village, under the Thiruporur SRO, is Rs 1,150 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Srikaram Seasons has changed

There have been several revisions of the guideline value for Srikaram Seasons, with the most recent being in 2024 at Rs 1,150 per sq.ft. The previous revisions from 2023, 2017, 2012, 2007, 2003, and 2002 do not have any figures recorded for this street in the register.

Notably, there have been no changes between the revisions mentioned above, indicating a consistent guideline value for Srikaram Seasons since the last recorded figure in 2024.

Guideline values in Illaloor

In Illaloor, there are 17 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,100 per sq.ft. The median value for these streets is Rs 1,150 per sq.ft, which is equal to the guideline value for Srikaram Seasons.

• Sri Jairam Nagar: Rs 550 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 660 per sq.ft (2024)
• Serasa Greens: Rs 1,396 per sq.ft (2024)
• Thangam Enclave Extn: Rs 739 per sq.ft (2024)
• Saithra Avenue: Rs 739 per sq.ft (2024)
• Omr Golden City: Rs 1,150 per sq.ft (2024)

Stamp duty and registration fee for property in Srikaram Seasons

For a 1,000 sq.ft plot at the current guideline value of Rs 1,150 per sq.ft, the total guideline value would be Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, and the registration fee at 2% would be Rs 23,000, making the total cost for these fees Rs 1,03,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Srikaram Seasons?

The Sub Registrar Office that covers Srikaram Seasons is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Illaloor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the Registration Department. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Srikaram Seasons?

The current guideline value of Srikaram Seasons is Rs 1,150 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value for Srikaram Seasons?

There have been no changes in the guideline value for Srikaram Seasons between the revisions recorded. The last revision in 2024 remains at Rs 1,150 per sq.ft.

What is the land classification for Srikaram Seasons?

The land classification for Srikaram Seasons is Mixed Special Type - I, which is relevant for determining the guideline value and usage of the property.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Srikaram Seasons?

Stamp duty for properties in Srikaram Seasons is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,50,000 would incur a stamp duty of Rs 80,500.