Guideline Value for Sri Rajivgandhi Nagar

Sri Rajivgandhi Nagar guideline value

The current guideline value of Sri Rajivgandhi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This locality is situated in Sriperumbudur A village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sri Rajivgandhi Nagar has changed

The guideline value for Sri Rajivgandhi Nagar has remained stable at Rs 700 per sq.ft for both the 2023 and 2024 revisions. The previous revision in 2017 recorded a guideline value of Rs 469 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the current value for Sri Rajivgandhi Nagar.

• Sri Ramanujar Royal City: Rs 700 per sq.ft (2024)
• Sriram Nagar: Rs 1,000 per sq.ft (2024)
• Sriperumpudur - Kundrathur Road: Rs 1,200 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 1,200 per sq.ft (2024)
• Srinivasa nagar: Rs 700 per sq.ft (2024)
• Sri Nagar Phase - II: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Rajivgandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 Rajivgandhi Nagar?

The Sub Registrar Office that covers Sri Rajivgandhi 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 Sriperumbudur A

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Sri Rajivgandhi Nagar?

The current guideline value of Sri Rajivgandhi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft for the 2023 and 2024 revisions, while it was Rs 469 per sq.ft in 2017, reflecting a 49% increase from 2017 to 2023.

What is the land classification for Sri Rajivgandhi Nagar?

Sri Rajivgandhi Nagar is classified as Residential Class III Type - I.

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

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

How is stamp duty calculated for properties in Sri Rajivgandhi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.