Guideline Value for Sri Rajaganapathy Nagar

Sri Rajaganapathy Nagar guideline value

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

How the guideline value of Sri Rajaganapathy Nagar has changed

The guideline value for Sri Rajaganapathy Nagar has seen 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. The 2017 revision recorded a guideline value of Rs 268 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

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

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, with a median value of Rs 250 per sq.ft. The guideline value of Sri Rajaganapathy Nagar is above this median.

• Sri Ram Avenue: Rs 250 per sq.ft (2024)
• Srinivasapuram: Rs 200 per sq.ft (2024)
• Sri Ranganathapuram Colony: Rs 250 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 400 per sq.ft (2024)
• Sri Thanmitha City: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Rajaganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be 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, making a total of Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Rajaganapathy Nagar?

The Sub Registrar Office covering Sri Rajaganapathy 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 Somangalam_B

The guideline value is a crucial factor when buying or selling property in Somangalam_B, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. Proper understanding of this value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Sri Rajaganapathy Nagar?

The current guideline value of Sri Rajaganapathy Nagar 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 at Rs 400 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Sri Rajaganapathy Nagar?

Sri Rajaganapathy Nagar is classified as Residential Special Type - I, indicating its suitability for residential purposes.

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

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

How is the stamp duty calculated for properties in Sri Rajaganapathy Nagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would amount to Rs 28,000.