Guideline Value for SRINATH NAGAR EXTENSION II

Srinath Nagar Extension II guideline value

The current guideline value of Srinath Nagar Extension II is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Nemilancheri village and falls under the Avadi SRO. The land classification for this street is Residential Class III Type - II.

How the guideline value of Srinath Nagar Extension II has changed

The guideline value for Srinath Nagar Extension II has undergone several revisions in the past. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,000 per sq.ft. Prior to 2023, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values for the revisions are as follows: 2024 at Rs 1,100 per sq.ft and 2023 at Rs 1,000 per sq.ft. The absence of figures for the previous years indicates that there was no recorded guideline value for Srinath Nagar Extension II during those periods.

Guideline values in Nemilancheri

In Nemilancheri, there are 15 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 1,870 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Srinath Nagar Extension II is above this median, indicating a higher valuation compared to many other streets in the area.

• Srinath Nagar: Rs 1,300 per sq.ft (2024)
• Sri Devi Nagar Annexe: Rs 660 per sq.ft (2024)
• Sri Devi Nagar: Rs 660 per sq.ft (2024)
• Sri Vignesh Nagar: Rs 990 per sq.ft (2024)
• P Dot G Flora: Rs 1,300 per sq.ft (2024)
• Padmavathi Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Srinath Nagar Extension II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinath Nagar Extension II?

The Sub Registrar Office that covers Srinath Nagar Extension II is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nemilancheri. It serves as a standard reference for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Srinath Nagar Extension II?

The current guideline value of Srinath Nagar Extension II is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 10% from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024.

What is the registration office for Srinath Nagar Extension II?

The registration office for Srinath Nagar Extension II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Srinath Nagar Extension II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.

Are there other streets in Nemilancheri with different guideline values?

Yes, there are other streets in Nemilancheri with varying guideline values. These values range from Rs 660 to Rs 1,870 per sq.ft, with different streets having specific rates in the 2024 revision.