Guideline Value for SRIPERUMPUDUR ROYAL LANDS CO-OP MAHA NAGAR

Sriperumpudur Royal Lands Co-Op Maha Nagar guideline value

The current guideline value for Sriperumpudur Royal Lands Co-Op Maha Nagar is Rs 610 per sq.ft, effective from 1 July 2024. This property is located in Navaloor village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sriperumpudur Royal Lands Co-Op Maha Nagar has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the latest 2024 revision has raised it further to Rs 610 per sq.ft, marking a 2% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, comparing the values from 2012 to 2024, there has been a slight increase of 2%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,100 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Sriperumpudur Royal Lands Co-Op Maha Nagar is above this median.

• Sri Kumaran Nagar: Rs 450 per sq.ft (2024)
• Sivam Nagar Part -II: Rs 500 per sq.ft (2024)
• Sivam Nagar: Rs 450 per sq.ft (2024)
• Sipcot Industries estate: Rs 600 per sq.ft (2024)
• Thirupathi Nagar: Rs 300 per sq.ft (2024)
• Vanniyar Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sriperumpudur Royal Lands Co-Op Maha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 610 per sq.ft, the total guideline value would be Rs 6,10,000. The stamp duty at 7% would be Rs 42,700, while the registration fee at 2% would amount to Rs 12,200, making the total cost for these fees Rs 54,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sriperumpudur Royal Lands Co-Op Maha Nagar?

The Sriperumpudur Sub Registrar Office covers Sriperumpudur Royal Lands Co-Op Maha Nagar. The office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Navaloor. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is in compliance with legal requirements. Buyers and sellers must be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Sriperumpudur Royal Lands Co-Op Maha Nagar?

The current guideline value for Sriperumpudur Royal Lands Co-Op Maha Nagar is Rs 610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 610 per sq.ft in 2024. There was a decrease to Rs 402 per sq.ft in 2017, followed by an increase to Rs 600 per sq.ft in 2023.

What is the classification of land in Sriperumpudur Royal Lands Co-Op Maha Nagar?

The land in Sriperumpudur Royal Lands Co-Op Maha Nagar is classified as Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Sriperumpudur Royal Lands Co-Op Maha Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 54,900.