Guideline Value for SRINIVASA NAGAR ANNEX

Srinivasa Nagar Annex guideline value

The current guideline value of Srinivasa Nagar Annex is Rs 402 per sq.ft. This area is located in Ikkadu village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Srinivasa Nagar Annex has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded the guideline value at Rs 402 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024. Thus, the guideline value increased by 0% from 2023 to 2024.

As per the latest revision in 2024, the guideline value stands at Rs 402 per sq.ft. This figure reflects the current valuation for Srinivasa Nagar Annex, indicating stability in the guideline value over the last two revisions.

Guideline values in Ikkadu

Ikkadu village has a total of 51 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,400 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, placing Srinivasa Nagar Annex's 2024 figure above that median.

• Sri Sai Nagar: Rs 500 per sq.ft (2024)
• Sri Ganapathi Nagar Extension: Rs 335 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Sosiety Nagar: Rs 300 per sq.ft (2024)
• Sundar Raj Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar Annex

For a 1,000 sq.ft plot at the current guideline value, the total cost would be Rs 4,02,000. The stamp duty at 7% would amount to Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total fees to Rs 36,180. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Nagar Annex?

The Srinivasa Nagar Annex area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ikkadu. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are registered at a fair value.

Additionally, the guideline value helps in assessing the market value of a property, providing clarity and transparency in real estate transactions. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the buying or selling process.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar Annex?

The current guideline value of Srinivasa Nagar Annex is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 402 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Srinivasa Nagar Annex?

Srinivasa Nagar Annex is classified as Residential Class IV Type - II, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Srinivasa Nagar Annex?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,02,000. The stamp duty would be Rs 28,140 and the registration fee would be Rs 8,040, totaling Rs 36,180.

Which Sub Registrar Office covers the area of Srinivasa Nagar Annex?

The Tiruvallur Joint 1 Sub Registrar Office covers Srinivasa Nagar Annex, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.