Guideline Value for Sri Gayathri Doctors Nest Ph.II

Sri Gayathri Doctors Nest Ph.II guideline value

The current guideline value for Sri Gayathri Doctors Nest Ph.II is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sri Gayathri Doctors Nest Ph.II has changed

The guideline value for Sri Gayathri Doctors Nest Ph.II has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which remained unchanged in the 2023 revision. In the 2024 revision, the guideline value increased to Rs 500 per sq.ft, marking a 49% increase from the 2017 figure.

Between the 2023 and 2024 revisions, there was no change, maintaining the value at Rs 500 per sq.ft. The overall change from 2017 to 2024 is a 49% increase, reflecting the adjustments made in the guideline value over the years.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, and Sri Gayathri Doctors Nest Ph.II's 2024 figure is above this median.

• Sri Gayathiri Doctor's Nest: Rs 400 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 Gayathri Doctors Nest Ph.II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, charged at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. 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 more details.

Which Sub Registrar Office covers Sri Gayathri Doctors Nest Ph.II?

The Sri Gayathri Doctors Nest Ph.II 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

The guideline value plays a crucial role in property transactions in Somangalam_B. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold. Buyers must be aware of the current guideline value to ensure they are prepared for the associated costs.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the registration process reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value for Sri Gayathri Doctors Nest Ph.II?

The current guideline value for Sri Gayathri Doctors Nest Ph.II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, while it increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2024, a total increase of 49% over this period.

What is the land classification for Sri Gayathri Doctors Nest Ph.II?

Sri Gayathri Doctors Nest Ph.II is classified as Commercial Class I Type - I, indicating its suitability for commercial developments.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Sri Gayathri Doctors Nest Ph.II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Somangalam_B?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 5,00,000, the stamp duty would be calculated at 7% of this amount.