Guideline Value for Shri Ram Nagar Part-I,II

Shri Ram Nagar Part-I,II guideline value

The current guideline value for Shri Ram Nagar Part-I,II is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village and falls under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Shri Ram Nagar Part-I,II has changed

Over the years, the guideline value for Shri Ram Nagar Part-I,II has seen several revisions. The earliest record available is from 2007, where the value was Rs 200 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The guideline value then saw a substantial increase to Rs 1,000 per sq.ft in both 2023 and the current 2024 revision, indicating no change between these two years.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current value for Shri Ram Nagar Part-I,II. Below are other streets in Adhanoor with their respective 2024 guideline values:

• Shri Pangajapuram: Rs 1,000 per sq.ft (2024)
• Simruthi Nagar Extn: Rs 1,300 per sq.ft (2024)
• Shanmuga Nagar: Rs 1,250 per sq.ft (2024)
• Shalini Nagar: Rs 1,000 per sq.ft (2024)
• Senthil Nagar: Rs 1,000 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Ram Nagar Part-I,II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Shri Ram Nagar Part-I,II?

The Sub Registrar Office covering Shri Ram Nagar Part-I,II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Adhanoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Accurate knowledge of the guideline value ensures that both parties are informed and can proceed with the registration process smoothly.

Frequently asked questions

What is the current guideline value for Shri Ram Nagar Part-I,II?

The current guideline value for Shri Ram Nagar Part-I,II is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

Which Sub Registrar Office covers the area?

The Gooduvancheri Sub Registrar Office covers Shri Ram Nagar Part-I,II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For a property valued at Rs 10,00,000, the total fees would be Rs 90,000.

Where can I find more information about guideline values in Adhanoor?

More information about guideline values in Adhanoor can be found in the registration department's guideline value register, which provides detailed figures for various streets in the area.