Guideline Value for SRIRADI SAI NAGAR

Sriradi Sai Nagar guideline value

The current guideline value of Sriradi Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Azhakoor village, under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this street is New House Site Type -III (Approved Lay-Out).

How the guideline value of Sriradi Sai Nagar has changed

The guideline value for Sriradi Sai Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 201 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 300 per sq.ft, and it remained the same in the 2024 revision.

There were no figures available for the years 2002, 2003, and 2007 in the register for this street. From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, from 2012 to 2024, there has been no change in the guideline value.

Guideline values in Azhakoor

Azhakoor village has 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 350 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, making Sriradi Sai Nagar's 2024 figure above that median.

• Srimathi Sankar Nagar: Rs 200 per sq.ft (2024)
• Sri Selva Vingnesh Nagar: Rs 300 per sq.ft (2024)
• Sri Jai Vignesh Nagar: Rs 300 per sq.ft (2024)
• Sri Sundararaja Perumal City: Rs 200 per sq.ft (2024)
• Sri Azhagar Nagar: Rs 300 per sq.ft (2024)
• Sbi Colony: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sriradi Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sriradi Sai Nagar?

The Sub Registrar Office that covers Sriradi Sai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Azhakoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property sale.

When purchasing property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sriradi Sai Nagar?

The current guideline value of Sriradi Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 300 per sq.ft in both 2023 and 2024, and Rs 201 per sq.ft in 2017. The value was Rs 300 per sq.ft in 2012.

What is the land classification for Sriradi Sai Nagar?

The land classification for Sriradi Sai Nagar is New House Site Type -III (Approved Lay-Out).

What are the stamp duty and registration fees for a property in Sriradi Sai Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sriradi Sai Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for Sriradi Sai Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.