Guideline Value for SRIS KUMARAN NAGAR ANNEX

Sris Kumaran Nagar Annex guideline value

The current guideline value of Sris Kumaran Nagar Annex is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Punnapakkam village, under the Arani_Tiruvallur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sris Kumaran Nagar Annex has changed

The guideline value for Sris Kumaran Nagar Annex has undergone several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft, which increased by 49% to Rs 100 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Punnapakkam

In Punnapakkam, four streets under the Arani_Tiruvallur SRO have a 2024 guideline value of Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Sris Kumaran Nagar Annex's 2024 figure aligns with this median value.

• Sri Srinivasa Nagar: Rs 100 per sq.ft (2024)
• Sri Kumaran Nagar Annex-I: Rs 100 per sq.ft (2024)
• Sri C.S.N. Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sris Kumaran Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sris Kumaran Nagar Annex?

The Sris Kumaran Nagar Annex is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Punnapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the charges reflect the current valuation of the property. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sris Kumaran Nagar Annex?

The current guideline value of Sris Kumaran Nagar Annex is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, remaining at Rs 100 per sq.ft in 2024. This represents a 49% increase from the 2017 revision to the 2024 revision.

What are the other streets with the same guideline value in Punnapakkam?

Other streets in Punnapakkam with a 2024 guideline value of Rs 100 per sq.ft include Sri Srinivasa Nagar, Sri Kumaran Nagar Annex-I, and Sri C.S.N. Nagar.

What is the stamp duty for property in Sris Kumaran Nagar Annex?

The stamp duty for property in Sris Kumaran Nagar Annex is calculated at 7% of the guideline value. For a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Which office handles the registration for Sris Kumaran Nagar Annex?

The registration for Sris Kumaran Nagar Annex is handled by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.