Guideline Value for Sri Nagar
₹1100/sq.ft.
The guideline value for Sri Nagar in Pozhichalur village (Pammal SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Pozhichalur
Village
Pammal
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1100 /sq.ft. |
| From 1-4-2023 | ₹1000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹670 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | ₹300 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Sri Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pammal sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Nagar guideline value
The current guideline value of Sri Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.
How the guideline value of Sri Nagar has changed
The guideline value for Sri Nagar has seen significant changes over the years. In the 2007 revision, the value was set at Rs 300 per sq.ft. This increased to Rs 670 per sq.ft in the 2017 revision, marking a change of 123%. The 2023 revision saw the value rise to Rs 1,000 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, which is a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2012.
Overall, from 2007 to the current 2024 revision, the guideline value has increased by 267%. This reflects the progression of values over time, with each revision indicating a notable rise in the guideline value per sq.ft.
Guideline values in Pozhichalur
Within Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, positioning Sri Nagar's current guideline value below this median.
- Sri Ragavendhara Nagar: Rs 1,100 per sq.ft (2024)
- South Madaveethi: Rs 1,100 per sq.ft (2024)
- Stalin Street (10): Rs 1,100 per sq.ft (2024)
- Stalin Street (12): Rs 1,100 per sq.ft (2024)
- Subam Avenue: Rs 1,320 per sq.ft (2024)
- Subramani Street Divyadas Nagar: Rs 1,100 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, together totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sri Nagar?
The Sub Registrar Office covering Sri Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Pozhichalur
The guideline value is a crucial factor in property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.
In practice, if the sale price of a property is lower than the guideline value, the stamp duty will be calculated based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions, regardless of the sale price.
Frequently asked questions
What is the current guideline value of Sri Nagar?
The current guideline value of Sri Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over this period.
What are the stamp duty rates applicable in Sri Nagar?
The stamp duty rate applicable in Sri Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.
Which office handles property registrations in Sri Nagar?
The Pammal Sub Registrar Office handles property registrations in Sri Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.
What is the median guideline value for streets in Pozhichalur?
The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, with Sri Nagar's current value being below this median.
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