Guideline Value for Sri Rajeswari Nagar

Sri Rajeswari Nagar guideline value

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

How the guideline value of Sri Rajeswari Nagar has changed

Over the years, the guideline value for Sri Rajeswari Nagar has seen several revisions. The 2024 revision maintains the rate at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 100 per sq.ft, marking a significant increase of 50% when compared to the 2023 figure. The 2012 revision also set the value at Rs 150 per sq.ft, indicating a decrease of 33% from the 2017 revision. The 2007 revision had a guideline value of Rs 110 per sq.ft, which increased by 36% to reach the 2012 figure. Overall, from 2007 to 2024, the guideline value has increased by 36%.

The register has no figures for the years 2002 and 2003 for this street. Thus, the earliest recorded value is from the 2007 revision.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Sri Rajeswari Nagar's 2024 figure below that median.

• Sri Ramkrishna Nagar: Rs 200 per sq.ft (2024)
• Sri Mahalaxmi Nagar: Rs 150 per sq.ft (2024)
• Sri Senthil Avenue: Rs 200 per sq.ft (2024)
• Star city: Rs 200 per sq.ft (2024)
• Sivan Koil Street: Rs 200 per sq.ft (2024)
• School Street: Rs 350 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 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, while the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Please note that the 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 Rajeswari Nagar?

The Sub Registrar Office that covers Sri Rajeswari 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 Amarampedu

The guideline value is a crucial factor in the registration process for property transactions in Amarampedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. It is important for both buyers and sellers to be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sri Rajeswari Nagar?

The current guideline value of Sri Rajeswari 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 several revisions, with the most recent being Rs 150 per sq.ft in 2024. This figure has remained the same since 2023, while it was Rs 100 per sq.ft in 2017.

What is the land classification for Sri Rajeswari Nagar?

Sri Rajeswari Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Sri Rajeswari Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

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