Guideline Value for SRINIVASA NAGAR PART - IV

Srinivasa Nagar Part - IV guideline value

The current guideline value of Srinivasa Nagar Part - IV is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar Part - IV has changed

In the 2023 revision, the guideline value was Rs 600 per sq.ft. The change from 2023 to 2024 reflects an increase of 10%, bringing the current guideline value to Rs 660 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

With the latest revision in 2024, the guideline value has reached the median value of Rs 660 per sq.ft for the 86 streets in Thirukkachur - 1 under the Chengleput Joint II SRO. This indicates a consistent valuation among similar residential properties in the area.

Guideline values in Thirukkachur - 1

The guideline values for properties in Thirukkachur - 1 range from Rs 385 to Rs 3,300 per sq.ft, with a median value of Rs 660 per sq.ft. Srinivasa Nagar Part - IV's 2024 guideline value aligns perfectly with this median.

• Srinivasa Nagar Part-3: Rs 660 per sq.ft (2024)
• Srinivasa Nagar Part-1: Rs 660 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 550 per sq.ft (2024)
• South Mada Veedhi: Rs 550 per sq.ft (2024)
• Thirukatchur Mainroad: Rs 880 per sq.ft (2024)
• Thirukatchur Periyar Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar Part - IV

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, making the total fees Rs 59,400. 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 Part - IV?

The Chengleput Joint II Sub Registrar Office covers Srinivasa Nagar Part - IV, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor during the registration process of property transactions in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is important to note that the guideline value may differ from the actual market price, but it is the value used for legal and tax purposes during registration.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar Part - IV?

The current guideline value of Srinivasa Nagar Part - IV is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% increase. There are no figures for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the land classification for Srinivasa Nagar Part - IV?

Srinivasa Nagar Part - IV is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Srinivasa Nagar Part - IV?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.