Guideline Value for Sree Sayee Nagar

Sree Sayee Nagar guideline value

The current guideline value of Sree Sayee Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam village under the Sriperumpudur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Sree Sayee Nagar has changed

Looking at the revisions, the guideline value was Rs 900 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision saw a significant increase to Rs 603 per sq.ft, reflecting a change of +49% from the previous revision. The 2012 revision also had a guideline value of Rs 900 per sq.ft, which was a decrease of -33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 900 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sree Sayee Nagar is above this median.

• Selliyamman Koil Street: Rs 200 per sq.ft (2024)
• Saraswathy Nagar: Rs 300 per sq.ft (2024)
• Santhi Nagar: Rs 300 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)
• Sun Tech Co-op City: Rs 900 per sq.ft (2024)
• Thiruvalluvar Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Sayee Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Sayee Nagar?

The Sub Registrar Office covering Sree Sayee 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Mevaloorkuppam. It is used to determine the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value is referenced to assess the official value of the property, which can affect the overall cost of the transaction. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sree Sayee Nagar?

The current guideline value of Sree Sayee Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft in both the 2023 and 2024 revisions. It was Rs 603 per sq.ft in 2017 and also Rs 900 per sq.ft in 2012.

What is the land classification for Sree Sayee Nagar?

Sree Sayee Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where is the Sub Registrar Office for Sree Sayee Nagar located?

The Sub Registrar Office for Sree Sayee Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Sree Sayee Nagar?

Stamp duty in Sree Sayee Nagar is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 at 7%.