Guideline Value for SRIVARI NAGAR

Srivari Nagar guideline value

The current guideline value of Srivari Nagar, located in Pettaikandigai village under the Pallipattu SRO, is Rs 106 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Srivari Nagar has changed

The guideline value for Srivari Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a 100% increase over six years. The most recent revision in 2024 has further raised the guideline value to Rs 106 per sq.ft, which is a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 112%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pettaikandigai

Currently, there are no specific guideline values provided for other streets in Pettaikandigai under the Pallipattu SRO. Therefore, the focus remains on the guideline value of Srivari Nagar.

Stamp duty and registration fee for property in Srivari Nagar

For a 1,000 sq.ft plot at the current rate of Rs 106 per sq.ft, the guideline value amounts to Rs 1,06,000. The stamp duty at 7% would be Rs 7,420, and the registration fee at 2% would be Rs 2,120, making the total cost for these fees Rs 9,540. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Srivari Nagar?

The Sub Registrar Office that covers Srivari Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Pettaikandigai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Srivari Nagar?

The current guideline value of Srivari Nagar is Rs 106 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 50 per sq.ft to Rs 106 per sq.ft, marking an overall increase of 112% by 2024.

What were the guideline values in previous revisions?

The guideline values for Srivari Nagar in previous revisions were Rs 50 per sq.ft in 2017, Rs 100 per sq.ft in 2023, and Rs 106 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

How is stamp duty calculated for property in Srivari Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 7,420.

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

The Sub Registrar Office for Srivari Nagar is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your specific SRO by visiting the provided link.