Guideline Value for SRINATH NAGAR

Srinath Nagar guideline value

The current guideline value of Srinath Nagar, located in the village of Uthukkadu under the Walajabad SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Srinath Nagar has changed

Over the years, the guideline value of Srinath Nagar has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 800 per sq.ft, which is unchanged from the 2023 revision. Prior to that, the 2017 revision listed the value at Rs 536 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the revisions in 2002, 2003, 2007, and 2012.

To summarize, the guideline value has remained steady from 2023 to 2024, while the jump from 2017 to 2023 marked a notable rise. The absence of figures in earlier revisions indicates a lack of recorded value changes for this street during those years.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Srinath Nagar is above this median, indicating its higher valuation in comparison to many other streets in the area.

• Sri Lakshmi Narasimma Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasima Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Sri Hari Nagar: Rs 300 per sq.ft (2024)
• Sri Rangiyam Karuppar Avenue: Rs 350 per sq.ft (2024)
• Sri Shivam Avenue: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Srinath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty is charged at 7%, which totals Rs 56,000, and the registration fee is 2%, amounting to Rs 16,000. Together, the total cost for stamp duty and registration fee is Rs 72,000. Please 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 Srinath Nagar?

Srinath Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Uthukkadu - A. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, but the duty is always calculated based on the higher of the two.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with legal requirements. This value serves as a benchmark for assessing property transactions and is regularly updated by the Registration Department.

Frequently asked questions

What is the current guideline value of Srinath Nagar?

The current guideline value of Srinath Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The value has remained unchanged from 2023 to 2024.

What are the other streets in Uthukkadu - A and their values?

Other streets in Uthukkadu - A include Sri Lakshmi Narasimma Perumal Nagar, Sri Lakshmi Narasima Perumal Nagar, Sri Lakshmi Nagar, Sri Hari Nagar, Sri Rangiyam Karuppar Avenue, and Sri Shivam Avenue, with values ranging from Rs 300 to Rs 350 per sq.ft in 2024.

What is the registration fee for property in Srinath Nagar?

The registration fee for property in Srinath Nagar is calculated based on the guideline value. For example, for a property valued at Rs 8,00,000, the registration fee would be Rs 16,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Srinath Nagar?

The Sub Registrar Office covering Srinath Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.