Guideline Value for SRINIVASA PERUMAL NAGAR

Srinivasa Perumal Nagar guideline value

The current guideline value of Srinivasa Perumal Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Srinivasa Perumal Nagar has changed

In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This value remained unchanged at Rs 600 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, indicating a 49% increase from 2017 to 2023 and an overall 49% increase from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2023 to 2024 revision, there has been no change in the guideline value, remaining at Rs 600 per sq.ft. The consistent value in recent revisions suggests stability in this segment of the real estate market.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Srinivasa Perumal Nagar's 2024 figure below that median.

• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Ganapathi Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Bala Nagar: Rs 600 per sq.ft (2024)
• Sri Ranganathar Nagar: Rs 800 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that 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 details.

Which Sub Registrar Office covers Srinivasa Perumal Nagar?

The Sub Registrar Office that covers Srinivasa Perumal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the stamp duty, which is a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Nagar?

The current guideline value of Srinivasa Perumal Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It remained at Rs 600 per sq.ft from 2023 to 2024, indicating no change in that period.

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

Other streets in Atanancheri have varying guideline values, with rates ranging from Rs 500 to Rs 800 per sq.ft as of 2024. For example, Sri Ram Nagar is valued at Rs 500 per sq.ft, while Sri Ranganathar Nagar is at Rs 800 per sq.ft.

How is stamp duty calculated for properties in Srinivasa Perumal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, if a property has a guideline value of Rs 6,00,000, the stamp duty at 7% would be Rs 42,000.

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

The Gooduvancheri Sub Registrar Office covers Srinivasa Perumal Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.