Guideline Value for SRINIVASA NAGAR

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Korattur-B village under the Avadi SRO, is Rs 165 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - IV land classification.

How the guideline value of Srinivasa Nagar has changed

The guideline value register has no figures for Srinivasa Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision shows a guideline value of Rs 165 per sq.ft, effective from 1 July 2024.

Since there are no figures available for previous revisions, it can be stated that there have been no changes in the guideline value for this street across the years.

Guideline values in Korattur-B

In Korattur-B, there are 11 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value of Srinivasa Nagar is below this median.

• Vasantham Nagar Phase-I: Rs 825 per sq.ft (2024)
• Nri Nest: Rs 1,100 per sq.ft (2024)
• Meenachi Nagar: Rs 990 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Ashok Nandhavanam Phase-III: Rs 1,100 per sq.ft (2024)
• Ashok Nandavanam: Rs 1,485 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 165 per sq.ft, the total guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total fees together to Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Korattur-B

The guideline value plays a crucial role in the registration process of property transactions in Korattur-B. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the necessary revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Srinivasa Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 shows a guideline value of Rs 165 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value is Rs 1,65,000. The stamp duty at 7% is Rs 11,550, and the registration fee at 2% is Rs 3,300, totaling Rs 14,850.

Which Sub Registrar Office covers Srinivasa Nagar?

The Avadi Sub Registrar Office covers Srinivasa Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Srinivasa Nagar?

Srinivasa Nagar falls under the Residential Class I Type - IV land classification, which is important for determining its usage and potential for development.