Guideline Value for Sri Rajeswari Nagar

Sri Rajeswari Nagar guideline value

The current guideline value of Sri Rajeswari Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This locality is situated in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Rajeswari Nagar has changed

The guideline value for Sri Rajeswari Nagar has remained steady at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 49% from the 2017 revision to the current 2024 revision.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Sri Rajeswari Nagar is below this median.

• Sriram Nagar: Rs 1,200 per sq.ft (2024)
• Srinu Prabhu Nagar: Rs 2,001 per sq.ft (2024)
• Srinivasapuram: Rs 2,001 per sq.ft (2024)
• Sri Sai Avenue: Rs 1,000 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,200 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Rajeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value is Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Rajeswari Nagar?

Sri Rajeswari Nagar falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Gooduvancheri, the guideline value is used to determine the stamp duty and registration fees. This value is crucial during the registration process, ensuring that the transaction is documented accurately according to the prevailing rates set by the registration department.

The guideline value serves as a benchmark for property transactions, and it is essential for buyers and sellers to be aware of these values to ensure compliance with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Sri Rajeswari Nagar?

The current guideline value of Sri Rajeswari Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024. It increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What are the other streets with guideline values in Gooduvancheri?

Other streets in Gooduvancheri include Sriram Nagar and Sri Sai Baba Nagar, both at Rs 1,200 per sq.ft, and Sri Sai Avenue at Rs 1,000 per sq.ft. Additionally, Srinu Prabhu Nagar and Srinivasapuram have higher values at Rs 2,001 per sq.ft.

What is the stamp duty for property in Sri Rajeswari Nagar?

The stamp duty for property in Sri Rajeswari Nagar is calculated at 7% of the guideline value. For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000.

Which office handles registrations for Sri Rajeswari Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Rajeswari Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.