Guideline Value for SRIVARI NAGAR

Srivari Nagar guideline value

The current guideline value of Srivari Nagar, located in Thandalam village under the Arani_Tiruvallur SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification.

How the guideline value of Srivari Nagar has changed

In the 2017 revision, the guideline value for Srivari Nagar was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The 2024 revision maintained the same value of Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Thandalam

In Thandalam, three streets under the Arani_Tiruvallur SRO have a 2024 guideline value ranging from Rs 171 to Rs 250 per sq.ft, with the median being Rs 200 per sq.ft. Srivari Nagar's 2024 figure of Rs 200 per sq.ft is equal to this median value.

• Sanjari Nagar: Rs 250 per sq.ft (2024)
• Muni Aandal Nagar: Rs 171 per sq.ft (2024)

Stamp duty and registration fee for property in Srivari Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value totals Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Srivari Nagar?

The Sub Registrar Office that covers Srivari Nagar is 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 Thandalam

The guideline value is an essential factor in property transactions in Thandalam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that properties are assessed fairly and transparently, providing a standard reference for all transactions. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration of property.

Frequently asked questions

What is the current guideline value of Srivari Nagar?

The current guideline value of Srivari Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, showing a 49% rise. The value remained the same in the 2024 revision.

What are the other streets in Thandalam with guideline values?

Other streets in Thandalam include Sanjari Nagar, which has a guideline value of Rs 250 per sq.ft, and Muni Aandal Nagar, with a value of Rs 171 per sq.ft for 2024.

How are stamp duties calculated in Srivari Nagar?

Stamp duties in Srivari Nagar are calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

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

The Sub Registrar Office for Srivari Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.