Guideline Value for Sri Gayathiri Doctor's Nest

Sri Gayathiri Doctor's Nest guideline value

The current guideline value of Sri Gayathiri Doctor's Nest is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Gayathiri Doctor's Nest has changed

The guideline value for Sri Gayathiri Doctor's Nest has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 268 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has risen by 49%.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sri Gayathiri Doctor's Nest is above this median.

• Sri Gayathri Doctors Nest Ph.II: Rs 500 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 200 per sq.ft (2024)
• Sri City: Rs 350 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 400 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Amman Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gayathiri Doctor's Nest

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total 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, resulting in a total of Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Gayathiri Doctor's Nest?

The Sri Gayathiri Doctor's Nest is covered by 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 Somangalam_B

When buying or selling property in Somangalam_B, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and reflects the minimum value at which properties can be registered, ensuring transparency in property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the costs involved in the registration process. This value is periodically revised to reflect changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Sri Gayathiri Doctor's Nest?

The current guideline value of Sri Gayathiri Doctor's Nest 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 the same at Rs 400 per sq.ft from 2023 to 2024. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase.

What is the classification of land in Sri Gayathiri Doctor's Nest?

The land in Sri Gayathiri Doctor's Nest is classified as Residential Special Type - I, indicating its suitability for residential development.

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

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. This is based on the current guideline value.

Which office handles the registration of properties in Sri Gayathiri Doctor's Nest?

The registration of properties in Sri Gayathiri Doctor's Nest is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.