Guideline Value for SRIKARAM SHELTERS

Srikaram Shelters guideline value

The current guideline value of Srikaram Shelters is Rs 2,500 per sq.ft. It is located in Thaiyur-A village, under the Thiruporur Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - II.

How the guideline value of Srikaram Shelters has changed

According to the guideline value register, the 2017 revision recorded a guideline value of Rs 2,500 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, which also set the guideline value at Rs 2,500 per sq.ft, indicating a change of +0% between these two revisions. For the years 2002, 2003, 2007, 2012, and 2024, the register has no figure for this street.

Thus, the guideline value for Srikaram Shelters has consistently remained at Rs 2,500 per sq.ft from 2017 to 2023, with no recorded changes in the previous revisions. This stability suggests a consistent valuation over the years.

Guideline values in Thaiyur-A

Currently, there are no specific village figures provided for Thaiyur-A. Srikaram Shelters is one of the streets under the Thiruporur SRO, and there are no other streets in Thaiyur-A listed with guideline values.

Stamp duty and registration fee for property in Srikaram Shelters

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srikaram Shelters?

The Srikaram Shelters area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value plays a crucial role during the registration of property transactions in Thaiyur-A. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it directly affects the overall cost of the transaction. The higher of the guideline value or the sale price will be considered for calculating the stamp duty and registration fees, which are mandatory for legal property transfers.

Frequently asked questions

What is the current guideline value of Srikaram Shelters?

The current guideline value of Srikaram Shelters is Rs 2,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 2,500 per sq.ft from the 2017 revision to the 2023 revision, showing a change of +0%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

What is the land classification for Srikaram Shelters?

Srikaram Shelters is classified as Residential Class III Type - II, which indicates its designation for residential use within the area.

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. This office handles the registration of properties in the Srikaram Shelters area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 2,500 per sq.ft would incur a total of Rs 2,25,000 in fees, including stamp duty and registration costs.