Guideline Value for SRIVARU NAGAR

Srivaru Nagar guideline value

The current guideline value of Srivaru Nagar, located in Thachoor_2 village under the Ponneri SRO, is Rs 600 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Srivaru Nagar has changed

According to the register, there are no figures for Srivaru Nagar from the years 2002, 2003, 2007, 2012, and 2017. The guideline value for the 2023 revision was Rs 600 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 600 per sq.ft, indicating a change of +0% from the previous year.

Since the 2024 revision has not experienced any increase or decrease from the 2023 figure, it reflects stability in the guideline value for this street. The current value aligns with the median of Rs 600 per sq.ft for other streets in Thachoor_2 under the Ponneri SRO.

Guideline values in Thachoor_2

In Thachoor_2 village, there are 40 streets that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 600 per sq.ft. Srivaru Nagar's 2024 figure matches this median. The following are the guideline values for other streets in Thachoor_2:

• Sri Velmurugan Nagar: Rs 400 per sq.ft (2024)
• Sri Vignesh Nagar: Rs 400 per sq.ft (2024)
• Sri Sai Nagar: Rs 400 per sq.ft (2024)
• Sri Durgai Amman Nagar: Rs 400 per sq.ft (2024)
• Thaalur Avenue: Rs 650 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Srivaru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srivaru Nagar?

The Sub Registrar Office covering Srivaru Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is a crucial factor during the registration process of property transactions in Thachoor_2. 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 a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of purchasing property in the area.

Frequently asked questions

What is the current guideline value of Srivaru Nagar?

The current guideline value of Srivaru Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for Srivaru Nagar from the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained at Rs 600 per sq.ft from 2023 to 2024, indicating no change.

What are the guideline values of other streets in Thachoor_2?

Other streets in Thachoor_2 have varying guideline values, with rates ranging from Rs 400 to Rs 650 per sq.ft in 2024. The median value for the area is Rs 600 per sq.ft.

How is stamp duty calculated in Srivaru Nagar?

Stamp duty in Srivaru Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000.

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

The Sub Registrar Office for Srivaru Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.