Guideline Value for Sri Eswara Nagar

Sri Eswara Nagar guideline value

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

How the guideline value of Sri Eswara Nagar has changed

The guideline value for Sri Eswara Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 400 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 268 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

In summary, the guideline value has seen a significant change from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024. The consistent value of Rs 400 per sq.ft in both 2023 and 2024 indicates stability in this period.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO with a guideline value range from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 275 per sq.ft, positioning Sri Eswara Nagar's 2024 guideline value 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 guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 B

The guideline value is a crucial factor in the registration of property transactions in Katrampakkam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Eswara Nagar?

The current guideline value of 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 remained at Rs 400 per sq.ft from 2023 to 2024, with a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Sri Eswara Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Sri Eswara Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for Sri Eswara Nagar?

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