Guideline Value for Sri Durgai Sidhar Nagar

Sri Durgai Sidhar Nagar guideline value

The current guideline value of Sri Durgai Sidhar Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Salamangalam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Durgai Sidhar Nagar has changed

The guideline value for Sri Durgai Sidhar Nagar has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 550 per sq.ft in 2012. However, it dropped to Rs 368 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 550 per sq.ft, indicating no change between these two years.

From 2017 to 2023, the guideline value increased by 49%, and from 2012 to 2017, it decreased by 33%. Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Sri Durgai Sidhar Nagar's 2024 figure above that median.

• Sri Ganapathy Nagar Colony: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar Colony Extn: Rs 300 per sq.ft (2024)
• Sri Balaji Avenue: Rs 1,500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Rama Anjineya Garden: Rs 600 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Durgai Sidhar Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Durgai Sidhar Nagar?

The Sub Registrar Office that covers Sri Durgai Sidhar 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 Salamangalam

The guideline value is a crucial factor in property transactions in Salamangalam. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sri Durgai Sidhar Nagar?

The current guideline value of Sri Durgai Sidhar Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2012, then decreased to Rs 368 per sq.ft in 2017. It has remained at Rs 550 per sq.ft in both 2023 and 2024.

What is the land classification of Sri Durgai Sidhar Nagar?

Sri Durgai Sidhar Nagar is classified as Residential Special Type - I, which indicates its designation for residential development.

What are the other streets in Salamangalam with their guideline values?

Other streets in Salamangalam include Sri Ganapathy Nagar Colony and Sri Ganapathy Nagar Colony Extn at Rs 300 per sq.ft, Sri Lakshmi Nagar at Rs 400 per sq.ft, and Sri Rama Anjineya Garden at Rs 600 per sq.ft, among others.

Where is the Sub Registrar Office for Sri Durgai Sidhar Nagar located?

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