Guideline Value for Sri Premkavaradhan Nagar

Sri Premkavaradhan Nagar guideline value

The current guideline value of Sri Premkavaradhan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is situated in Maakaanyam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Premkavaradhan Nagar has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 201 per sq.ft. Following this, the value increased significantly to Rs 300 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was an increase of 49%. Overall, from 2012 to 2024, the guideline value has remained stable with no change, as it is currently at Rs 300 per sq.ft.

Guideline values in Maakaanyam

In Maakaanyam village, there are 41 streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Sri Premkavaradhan Nagar's 2024 value above this median.

• Sri Padmanaba Samy Nagar: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 200 per sq.ft (2024)
• Sri Murugan City: Rs 300 per sq.ft (2024)
• Sri Kalyana Srinivasaperumal koil street: Rs 400 per sq.ft (2024)
• Sri Hari balaji nagar: Rs 300 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Premkavaradhan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. 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 Premkavaradhan Nagar?

The Sub Registrar Office that covers Sri Premkavaradhan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To locate your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Maakaanyam

The guideline value plays a crucial role in property transactions in Maakaanyam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Ensuring that these values are understood can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Premkavaradhan Nagar?

The current guideline value of Sri Premkavaradhan Nagar is Rs 300 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 a decrease to Rs 201 per sq.ft in 2017, before increasing back to Rs 300 per sq.ft in 2023 and remaining the same in 2024. Overall, from 2012 to 2024, the value has not changed.

What is the land classification of Sri Premkavaradhan Nagar?

Sri Premkavaradhan Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

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

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

How is stamp duty calculated in Sri Premkavaradhan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000.