Guideline Value for SRINIVASA NAGAR

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar is Rs 709 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village under the Sriperumpudur SRO, classified as Residential Class I Type - III.

How the guideline value of Srinivasa Nagar has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Srinivasa Nagar. The guideline value for the 2023 revision was Rs 709 per sq.ft, which remained unchanged in the 2024 revision, reflecting a change of +0% from 2023 to 2024.

The only available revisions for this street are from 2023 and 2024, both maintaining the same guideline value of Rs 709 per sq.ft. This consistency indicates stability in the guideline value for this location over the recent years.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, positioning Srinivasa Nagar's 2024 figure above the median.

• Sriperumpudur Chengalpattu Road: Rs 700 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sri Krishna Nagar: Rs 500 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Sri Vishnu Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value would be Rs 7,09,000. The stamp duty at 7% would amount to Rs 49,630, and the registration fee at 2% would be Rs 14,180, bringing the total cost for these fees to Rs 63,810. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ponthoor. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When selling property, the guideline value helps in establishing a baseline for the sale price, ensuring that all transactions are recorded accurately and transparently within the legal framework set by the Registration Department.

Frequently asked questions

What is the current guideline value for Srinivasa Nagar?

The current guideline value for Srinivasa Nagar is Rs 709 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Srinivasa Nagar has remained unchanged at Rs 709 per sq.ft from the 2023 revision to the 2024 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Ponthoor?

The median guideline value in Ponthoor village is Rs 300 per sq.ft, with Srinivasa Nagar's current guideline value being above this median.

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

For a property valued at Rs 7,09,000, the stamp duty would be Rs 49,630 and the registration fee would be Rs 14,180, totaling Rs 63,810. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Srinivasa Nagar located?

The Sub Registrar Office for Srinivasa Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.