Guideline Value for Sree Sayee Nagar

Sree Sayee Nagar guideline value

The current guideline value of Sree Sayee Nagar, located in Mevaloorkuppam B village under the Sriperumpudur SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Sree Sayee Nagar has changed

The guideline value for Sree Sayee Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised this figure to Rs 1,320 per sq.ft, marking a 47% increase from 2023 to 2024 and a 49% increase from 2017 to 2023. Overall, the guideline value has increased by 119% from 2017 to 2024.

It is important to note that there are no registered figures for Sree Sayee Nagar for the years 2002, 2003, 2007, and 2012. The absence of these figures indicates that the guideline value remained unchanged during those periods.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sree Sayee Nagar's 2024 figure above that median.

• S&P The Crest: Rs 1,320 per sq.ft (2024)
• Selliyamman Koil Street: Rs 100 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Saraswathy Nagar: Rs 300 per sq.ft (2024)
• Santhu Street: Rs 300 per sq.ft (2024)
• Santhi Nagar: 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, calculated at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is important to note that 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 details.

Which Sub Registrar Office covers Sree Sayee Nagar?

The Sub Registrar Office that covers 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on current market conditions.

Frequently asked questions

What is the current guideline value of Sree Sayee Nagar?

The current guideline value of Sree Sayee Nagar is Rs 1,320 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 603 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 119%.

What are the other streets in Mevaloorkuppam B?

Other streets in Mevaloorkuppam B include S&P The Crest, Selliyamman Koil Street, Sri Ram Nagar, Saraswathy Nagar, Santhu Street, and Santhi Nagar, each with their respective guideline values for 2024.

How is stamp duty calculated in Sree Sayee Nagar?

Stamp duty in Sree Sayee Nagar is calculated at 7% of the higher of the guideline value or the sale price. Additionally, a registration fee of 2% is also applied.

Where can I find the Sub Registrar Office for Sree Sayee Nagar?

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