Guideline Value for SRINIVASA NAGAR

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Vadaveripattu village, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Special Type - III.

How the guideline value of Srinivasa Nagar has changed

Over the years, the guideline value of Srinivasa Nagar has seen several revisions. The earliest recorded value is from 2012, which was Rs 300 per sq.ft. In 2017, the value decreased to Rs 201 per sq.ft, marking a decline of 33%. However, this was followed by a significant increase of 49% to Rs 300 per sq.ft in the 2023 revision. The 2024 revision maintains this rate at Rs 300 per sq.ft, showing no change from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007 for this street. Thus, the only revisions available are from 2012, 2017, 2023, and the current 2024 rate.

Guideline values in Vadaveripattu

Currently, there are no specific village figures available for Vadaveripattu. Srinivasa Nagar is the only street mentioned in the context of guideline values under the Walajabad SRO.

Stamp duty and registration fee for property in Srinivasa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office covering Srinivasa Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. For more information, you can find your SRO.

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

When buying or selling property in Vadaveripattu, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding these values can help in better financial planning and compliance with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a notable decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023 and 2024, showing no overall change from 2012 to 2024.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Srinivasa Nagar?

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

Are there other streets in Vadaveripattu with guideline values?

Currently, there are no other streets in Vadaveripattu mentioned with specific guideline values. Srinivasa Nagar is the only street referenced under the Walajabad SRO.