Guideline Value

Corporate

Guideline Value for SRIRAM CITY

₹130/sq.ft.

The guideline value for Sriram City in Vengal Kuppam village (Arani_tiruvallur SRO, Chennai zone) is Rs 130 per sq.ft, effective 1 July 2024. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vengal Kuppam

Village

Arani_Tiruvallur

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹130 /sq.ft.
From 1-4-2023 ₹130 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹87 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Sriram City guideline value

The current guideline value of Sriram City, located in Vengal Kuppam village under the Arani_Tiruvallur SRO, is Rs 130 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class V Type - I.

How the guideline value of Sriram City has changed

The guideline value for Sriram City has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 87 per sq.ft. Following this, the guideline value increased to Rs 130 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and maintaining that value into 2024. Notably, the revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

From the 2023 to the 2024 revision, there has been no change, as the guideline value remains at Rs 130 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%, showcasing a significant rise since the last recorded figure in 2017.

Guideline values in Vengal Kuppam

In Vengal Kuppam, five streets under the Arani_Tiruvallur SRO have a guideline value of Rs 130 per sq.ft for the year 2024. The current guideline value for Sriram City is equal to the median value of Rs 130 per sq.ft for these streets.

Stamp duty and registration fee for property in Sriram City

For a 1,000 sq.ft plot at the current guideline value of Rs 130 per sq.ft, the total guideline value would be Rs 1,30,000. The stamp duty is charged at 7%, amounting to Rs 9,100, and the registration fee is charged at 2%, which totals Rs 2,600. Together, the total cost for stamp duty and registration fee would be Rs 11,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sriram City?

The Sub Registrar Office that covers Sriram City is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Vengal Kuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the official value set by the authorities. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Sriram City?

The current guideline value of Sriram City is Rs 130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 87 per sq.ft in 2017 to Rs 130 per sq.ft in both 2023 and 2024, representing a 49% increase overall from 2017 to 2024.

What are the other streets in Vengal Kuppam with the same guideline value?

Other streets in Vengal Kuppam that share the same guideline value of Rs 130 per sq.ft for 2024 include M.S. Jayam Nagar, Jayam Nagar, Annai Gomathi Nagar, and Anjaa Nagar @ Supreme City.

What are the stamp duty and registration fees for property in Sriram City?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 11,700.

Where can I find the Sub Registrar Office for Sriram City?

The Sub Registrar Office for Sriram City is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.