Guideline Value for Shriradi Sai Nagar

Shriradi Sai Nagar guideline value

The current guideline value of Shriradi Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Shriradi Sai Nagar has changed

Over the years, the guideline value of Shriradi Sai Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a significant increase to Rs 201 per sq.ft, marking a 49% rise from the previous figure. The 2023 revision also maintained the value at Rs 300 per sq.ft, and the current 2024 revision continues this trend with no change, keeping it at Rs 300 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Kunduperumpedu

In Kunduperumpedu, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. Shriradi Sai Nagar's 2024 figure of Rs 300 per sq.ft is above this median.

• Sky city: Rs 200 per sq.ft (2024)
• Selvam Nagar: Rs 250 per sq.ft (2024)
• Sri Isvaryam Garden: Rs 300 per sq.ft (2024)
• Sri Moogambikai Nagar: Rs 250 per sq.ft (2024)
• Sai Krishna Garden: Rs 200 per sq.ft (2024)
• Sri Padmanaba Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Shriradi Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is essential 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 accurate calculations based on specific sale prices.

Which Sub Registrar Office covers Shriradi Sai Nagar?

The Sub Registrar Office that covers Shriradi Sai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shriradi Sai Nagar?

The current guideline value of Shriradi Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024.

What are the other streets in Kunduperumpedu and their guideline values?

Other streets in Kunduperumpedu include Sky city at Rs 200 per sq.ft, Selvam Nagar at Rs 250 per sq.ft, Sri Isvaryam Garden at Rs 300 per sq.ft, Sri Moogambikai Nagar at Rs 250 per sq.ft, Sai Krishna Garden at Rs 200 per sq.ft, and Sri Padmanaba Nagar at Rs 200 per sq.ft, all for the year 2024.

What fees are applicable when buying property in Shriradi Sai Nagar?

When buying property in Shriradi Sai Nagar, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2% of the guideline value. The total fees depend on the size of the property and the guideline value.

Where can I find the Sub Registrar Office for Shriradi Sai Nagar?

The Sub Registrar Office for Shriradi Sai Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration activities for the area.