Guideline Value for Sri Gajalaxmi Nagar

Sri Gajalaxmi Nagar guideline value

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

How the guideline value of Sri Gajalaxmi Nagar has changed

The guideline value for Sri Gajalaxmi Nagar has seen several revisions over the years. In the 2017 revision, the rate was Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and maintaining the same value into 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2023 revision to the 2024 revision, there was no change in the guideline value, remaining at Rs 400 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median value of these streets is Rs 400 per sq.ft, making the guideline value of Sri Gajalaxmi Nagar equal to this median.

• Sri Kamacthi Nagar: Rs 600 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)
• Sivaji Street: Rs 400 per sq.ft (2024)
• Star Avenue: Rs 600 per sq.ft (2024)
• Subrabath Nagar: Rs 400 per sq.ft (2024)
• Saran Singh Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gajalaxmi 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 be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Gajalaxmi Nagar?

The Sub Registrar Office that covers Sri Gajalaxmi 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 Irunkattukottai_B

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Irunkattukottai_B, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is important for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process. The guideline value serves as a benchmark for property transactions within the area.

Frequently asked questions

What is the current guideline value of Sri Gajalaxmi Nagar?

The current guideline value of Sri Gajalaxmi 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 increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

What is the land classification for Sri Gajalaxmi Nagar?

Sri Gajalaxmi Nagar is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sri Gajalaxmi Nagar?

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

How is the stamp duty calculated in Sri Gajalaxmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.