Guideline Value for SRINIVASAN NAGAR

Srinivasan Nagar guideline value

The current guideline value of Srinivasan Nagar, located in Athur B Block village under the Chengleput Joint II SRO, is Rs 1,493 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class III Type - I.

How the guideline value of Srinivasan Nagar has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Srinivasan Nagar. The most recent figure is from the 2023 revision, which is Rs 1,493 per sq.ft.

As there have been no changes between the revisions listed, the guideline value for Srinivasan Nagar has remained consistent since the last recorded revision in 2023.

Guideline values in Athur B Block

Athur B Block consists of 79 streets under the Chengleput Joint II SRO, with a 2024 guideline value ranging from Rs 268 to Rs 1,525 per sq.ft; the median value is Rs 700 per sq.ft. Srinivasan Nagar's guideline value is Rs 1,493 per sq.ft.

• Sri Margadarshan Vatika: Rs 1,493 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Giri Garden: Rs 1,195 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 500 per sq.ft (2024)
• Sri Srnivasa Avenue: Rs 1,344 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value amounts to Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total to Rs 1,34,370. 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 details.

Which Sub Registrar Office covers Srinivasan Nagar?

The Sub Registrar Office that covers Srinivasan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor during the registration of property transactions in Athur B Block. It serves as the base value for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should consider this value when negotiating sale prices to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Srinivasan Nagar?

The current guideline value of Srinivasan Nagar is Rs 1,493 per sq.ft, as per the 2023 revision.

What is the land classification for Srinivasan Nagar?

The land classification for Srinivasan Nagar is Residential Class III Type - I.

Are there any guideline value figures for the years 2002 to 2017?

No, the guideline value register has no figures for Srinivasan Nagar for the years 2002, 2003, 2007, 2012, and 2017.

How is the stamp duty calculated for properties in Srinivasan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,93,000, the stamp duty would be Rs 1,04,510.

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

The Sub Registrar Office for Srinivasan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.