Guideline Value for SRINIVASA NAGAR

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Pandeswaram village under the Avadi SRO, is Rs 1,150 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - II.

How the guideline value of Srinivasa Nagar has changed

In the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Srinivasa Nagar. The guideline value was Rs 1,150 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years, with an increase of 0% from 2023 to 2024.

As of the 2024 revision, the guideline value stands at Rs 1,150 per sq.ft. This consistency in value over the last two revisions reflects stability in the pricing for this particular street.

Guideline values in Pandeswaram

In Pandeswaram, there are seven streets under the Avadi SRO with a 2024 guideline value ranging from Rs 165 to Rs 1,150 per sq.ft. The median value for these streets is Rs 165 per sq.ft, placing Srinivasa Nagar's 2024 figure significantly above that median.

• Sri Mahalakshmi Nagar: Rs 165 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 165 per sq.ft (2024)
• Sri Sudharsan Nagar: Rs 165 per sq.ft (2024)
• Sri Balaji Nagar: Rs 330 per sq.ft (2024)
• Gurumahan Nagar: Rs 165 per sq.ft (2024)
• Birla Nagar: Rs 165 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 1,150 per sq.ft, the total guideline value amounts to Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, and the registration fee at 2% would be Rs 23,000, bringing the total to Rs 1,03,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

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 more information.

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

The guideline value plays a crucial role during property registration in Pandeswaram. It serves as a reference point for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation, which helps in maintaining transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 1,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Srinivasa Nagar. The guideline value has remained at Rs 1,150 per sq.ft for both the 2023 and 2024 revisions.

What are the other streets in Pandeswaram and their guideline values?

Other streets in Pandeswaram include Sri Mahalakshmi Nagar, Sri Bhavani Amman Nagar, Sri Sudharsan Nagar, Sri Balaji Nagar, Gurumahan Nagar, and Birla Nagar, with guideline values ranging from Rs 165 to Rs 330 per sq.ft in 2024.

How is stamp duty calculated for properties in Srinivasa Nagar?

Stamp duty for properties in Srinivasa Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 80,500 based on the current guideline value.

Where can I find the Sub Registrar Office for Srinivasa Nagar?

The Sub Registrar Office covering 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.