Guideline Value for Sri Hayagreevar Nagar

Sri Hayagreevar Nagar guideline value

The current guideline value of Sri Hayagreevar Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Sethupattu village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Hayagreevar Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 100 per sq.ft. The 2023 revision also maintained the value at Rs 150 per sq.ft. The most recent 2024 revision again set the value at Rs 150 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no change. The significant change occurred between the 2017 and 2023 revisions, where the value increased by 50% from Rs 100 per sq.ft to Rs 150 per sq.ft.

Guideline values in Sethupattu

Sethupattu village has 23 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Sri Hayagreevar Nagar's 2024 figure below that median.

• Sathya Nagar: Rs 450 per sq.ft (2024)
• Tambaram Sriperumpudur Road: Rs 1,400 per sq.ft (2024)
• Sabari Nagar: Rs 300 per sq.ft (2024)
• T.M.Avenue: Rs 250 per sq.ft (2024)
• T.M.Garden: Rs 530 per sq.ft (2024)
• P.S.Nagar Ph.II: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Hayagreevar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Hayagreevar Nagar?

The Sub Registrar Office that covers Sri Hayagreevar 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 Sethupattu

The guideline value is a crucial factor during property transactions in Sethupattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set a realistic price based on this value.

Frequently asked questions

What is the current guideline value of Sri Hayagreevar Nagar?

The current guideline value of Sri Hayagreevar Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most notable being a 50% increase from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023. The value has remained at Rs 150 per sq.ft from 2012 to 2024.

What is the median guideline value in Sethupattu?

The median guideline value for the 23 streets in Sethupattu is Rs 300 per sq.ft, with Sri Hayagreevar Nagar's 2024 figure being below that median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 150 per sq.ft, the total fees would amount to Rs 13,500.

Where is the Sub Registrar Office for Sri Hayagreevar Nagar located?

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