Guideline Value for Sri Eswara Nagar

Sri Eswara Nagar guideline value

The current guideline value of Sri Eswara Nagar, located in Katrampakkam village under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Eswara Nagar has changed

Looking at the historical revisions, the guideline value for Sri Eswara Nagar was Rs 200 per sq.ft in 2007. It increased to Rs 400 per sq.ft in 2012, maintaining the same value in 2023. The 2017 revision saw a significant rise to Rs 268 per sq.ft, followed by a steady value of Rs 400 per sq.ft in both 2023 and the upcoming 2024 revision. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the value doubled, showing a +100% change. However, from 2012 to 2017, it decreased by 33%. The value then saw an increase of 49% from 2017 to 2023, but remained unchanged from 2023 to 2024, resulting in an overall increase of +100% from 2007 to 2024.

Guideline values in Katrampakkam

In Katrampakkam, there are 41 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, placing Sri Eswara Nagar above this median.

• Sri Bangaru Kamachi Amman Nagar: Rs 250 per sq.ft (2024)
• Sri Mangadu Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 250 per sq.ft (2024)
• Sifea Nagar: Rs 250 per sq.ft (2024)
• Selliyamman Koil Street: Rs 300 per sq.ft (2024)
• Sathiya Sai Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Eswara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important 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 further calculations.

Which Sub Registrar Office covers Sri Eswara Nagar?

Sri Eswara Nagar falls under the jurisdiction of 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 Katrampakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Katrampakkam. It determines the minimum value at which property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Sri Eswara Nagar?

The current guideline value for Sri Eswara Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a significant increase from Rs 200 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, and remaining at Rs 400 per sq.ft in both 2023 and 2024.

What is the classification of land in Sri Eswara Nagar?

Sri Eswara Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Sri Eswara Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 36,000.

Where is the Sub Registrar Office for Sri Eswara Nagar located?

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