Guideline Value for SRINIVASA NAGAR PART-1

Srinivasa Nagar Part-1 guideline value

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

How the guideline value of Srinivasa Nagar Part-1 has changed

Historically, the guideline value for Srinivasa Nagar Part-1 has seen several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 600 per sq.ft, which was then increased by 10% to Rs 660 per sq.ft in the 2024 revision.

This increase reflects a consistent adjustment in the guideline value, with the latest figure aligning with the median value of Rs 660 per sq.ft for other streets in Thirukkachur - 1 under the Chengleput Joint II SRO.

Guideline values in Thirukkachur - 1

Thirukkachur - 1 features a total of 86 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, which is the same as the current guideline value for Srinivasa Nagar Part-1.

• Srinivasa Nagar Part-3: Rs 660 per sq.ft (2024)
• Srinivasa Nagar Part - IV: 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)
• Thirukkachur Periyar Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar Part-1

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees together Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar Part-1?

The Sub Registrar Office that covers Srinivasa Nagar Part-1 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Thirukkachur - 1. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the established values set by the registration department.

When buying or selling property, the guideline value helps to standardize the pricing, providing a clear framework for both buyers and sellers. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar Part-1?

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

How much has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Srinivasa Nagar Part-1?

Srinivasa Nagar Part-1 is classified as Residential Class I Type - I under the guideline value register.

Where can I find more information about the registration fees?

For detailed information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles the registration for Srinivasa Nagar Part-1?

The Chengleput Joint II Sub Registrar Office handles registrations for Srinivasa Nagar Part-1, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.