Guideline Value for SRINIVASA PERUMAL NAGAR

Srinivasa Perumal Nagar guideline value

The current guideline value of Srinivasa Perumal Nagar is Rs 234 per sq.ft, effective from 1 July 2024. This area is located in Keelachery village and falls under the Perambakkam SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Srinivasa Perumal Nagar has changed

In the guideline value register, the most recent revision for Srinivasa Perumal Nagar is from 2024, which is set at Rs 234 per sq.ft. The previous revision in 2023 also recorded the guideline value at Rs 234 per sq.ft. There are no figures available for the revisions from the years 2002, 2003, 2007, 2012, and 2017 for this street.

From the 2023 to the 2024 revision, there was no change in the guideline value, remaining at Rs 234 per sq.ft. This consistency in value indicates stability in the pricing for this locality over the last two years.

Guideline values in Keelachery

Currently, there are no specific village figures available for Keelachery. Srinivasa Perumal Nagar is one of the streets under the Perambakkam SRO. Other streets in Keelachery include:

Stamp duty and registration fee for property in Srinivasa Perumal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 234 per sq.ft, the guideline value amounts to Rs 2,34,000. The stamp duty, charged at 7%, would be Rs 16,380, and the registration fee at 2% would be Rs 4,680, making the total cost for these fees Rs 21,060. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Perumal Nagar?

The Sub Registrar Office that covers Srinivasa Perumal Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Keelachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for accurately estimating the total costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Nagar?

The current guideline value of Srinivasa Perumal Nagar is Rs 234 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value can be revised periodically, with the most recent revisions for Srinivasa Perumal Nagar occurring in 2023 and 2024, both maintaining a value of Rs 234 per sq.ft.

What is the land classification for Srinivasa Perumal Nagar?

The land classification for Srinivasa Perumal Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

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

The Sub Registrar Office covering Srinivasa Perumal Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,34,000, the total fees would amount to Rs 21,060.