Guideline Value for SRINATH NAGAR

Srinath Nagar guideline value

The current guideline value of Srinath Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Uthukadu-B village and falls under the Walajabad SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Srinath Nagar has changed

According to the guideline value register, there have been several revisions over the years. The 2023 revision listed the guideline value at Rs 800 per sq.ft, which remained unchanged in the 2024 revision. For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

From 2023 to 2024, there was no change in the guideline value, which remained at Rs 800 per sq.ft. This consistency indicates stability in the valuation for this specific area.

Guideline values in Uthukadu-B

Uthukadu-B village has a total of 33 streets under the Walajabad SRO, with 2024 guideline values ranging from Rs 200 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Srinath Nagar's 2024 figure above the median.

• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 350 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)
• Sri Aksaya Garden: Rs 400 per sq.ft (2024)
• Spring Fields: Rs 300 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 at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinath Nagar?

The Sub Registrar Office that covers Srinath Nagar is 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 Uthukadu-B

The guideline value is a crucial factor when registering property transactions in Uthukadu-B. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are applied based on the official valuation of the property.

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 has the guideline value changed over the years?

The guideline value for Srinath Nagar has remained at Rs 800 per sq.ft from 2023 to 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Srinath Nagar?

The land classification for Srinath Nagar is Residential Special Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Srinath Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value.

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

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