Guideline Value for Sri Eswari Nagar Extn

Sri Eswari Nagar Extn guideline value

The current guideline value of Sri Eswari Nagar Extn is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sri Eswari Nagar Extn has changed

The guideline value for Sri Eswari Nagar Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 134 per sq.ft. This marked a decrease of 33%. The 2023 revision again set the value at Rs 200 per sq.ft. The latest 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

In summary, from 2012 to 2024, the overall guideline value has remained constant at Rs 200 per sq.ft. The most significant change occurred between the 2017 and 2023 revisions, which saw an increase of 49% from Rs 134 per sq.ft to Rs 200 per sq.ft.

Guideline values in Valarpuram

Valarpuram village has a total of 91 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 2,025 per sq.ft as of 2024. The median value for these streets is Rs 300 per sq.ft, indicating that the guideline value for Sri Eswari Nagar Extn is below this median.

• Sri Ganapathy Nagar: Rs 300 per sq.ft (2024)
• Sri Krishnamoorthy Nagar: Rs 300 per sq.ft (2024)
• Sri Sai Nagar: Rs 200 per sq.ft (2024)
• Shriram Earth At One City: Rs 2,025 per sq.ft (2024)
• Sri Varadharajan Nagar: Rs 400 per sq.ft (2024)
• Sri Venkatachalapathy Annex: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Eswari Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Eswari Nagar Extn?

The Sub Registrar Office that covers Sri Eswari Nagar Extn 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 Valarpuram

The guideline value is a crucial factor when buying or selling property in Valarpuram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a price that reflects the market conditions as assessed by the government.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Sri Eswari Nagar Extn?

The current guideline value for Sri Eswari Nagar Extn is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant change being a 49% increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Sri Eswari Nagar Extn?

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

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Sri Eswari Nagar Extn?

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