Guideline Value for SRINIVASA NAGAR

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Srinivasa Nagar has changed

Over the years, the guideline value of Srinivasa Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 870 per sq.ft, an increase from Rs 800 per sq.ft in 2023, marking a change of +9%. Prior to that, in 2017, the guideline value was Rs 737 per sq.ft, reflecting another increase of +9% from the previous revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by +18% from Rs 737 per sq.ft to Rs 870 per sq.ft.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Srinivasa Nagar's 2024 figure above that median.

• Sri Nagar Thiruvika Raman St: Rs 440 per sq.ft (2024)
• Sri Nagar Thirumangai Mannar St: Rs 440 per sq.ft (2024)
• Sri Nagar & Streets & Extn: Rs 440 per sq.ft (2024)
• Sri Nagar Narasimman St: Rs 440 per sq.ft (2024)
• Sri Nagar Kuselar St: Rs 440 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 770 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 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total charges to Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa Nagar is the Avadi Sub Registrar Office. The address is 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 Thiruninravur-B

The guideline value is a critical factor when buying or selling property in Thiruninravur-B, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the property transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration. The registration office uses the guideline value to assess the appropriate fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 870 per sq.ft in 2024, marking an overall increase of +18% over this period.

What is the median guideline value in Thiruninravur-B?

The median guideline value in Thiruninravur-B is Rs 770 per sq.ft, with Srinivasa Nagar's current value being above this median.

What are the stamp duty rates for properties in Srinivasa Nagar?

The stamp duty rate for properties in Srinivasa Nagar is 7%, which is applied to the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for 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.