Guideline Value for SRINIVASA NAGAR

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Chembedu village and is classified as Residential Class IV Type - I. The relevant registration office for this area is the Arani_Tiruvallur SRO.

How the guideline value of Srinivasa Nagar has changed

Looking at the revisions, the guideline value for Srinivasa Nagar was Rs 60 per sq.ft in 2017. It remained at Rs 100 per sq.ft in the 2023 revision and continues to be Rs 100 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 67%. However, between 2023 and 2024, there was no change, maintaining the value at Rs 100 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 67%.

Guideline values in Chembedu

Srinivasa Nagar shares the same guideline value of Rs 100 per sq.ft with other streets in Chembedu. Below are the guideline values for other streets in Chembedu:

• Anjaa Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, 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 Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chembedu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark. If the sale price exceeds the guideline value, stamp duty and registration fees will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 60 per sq.ft in 2017 to Rs 100 per sq.ft in both the 2023 and 2024 revisions, marking a 67% increase overall from 2017 to 2024.

What is the registration office for Srinivasa Nagar?

The registration office for Srinivasa Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

How is stamp duty calculated in Srinivasa Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 9,000.

Are there other streets with the same guideline value in Chembedu?

Yes, other streets in Chembedu, such as Anjaa Nagar, also have a guideline value of Rs 100 per sq.ft as of 2024.