Guideline Value for Sri Ram Nagar Ext
₹2900/sq.ft.
The guideline value for Sri Ram Nagar Ext in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 2900 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Selaiyur
Village
Selaiyur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2900 /sq.ft. |
| From 1-4-2023 | ₹2700 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1809 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2700 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Sri Ram Nagar Ext
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Ram Nagar Ext guideline value
The current guideline value of Sri Ram Nagar Ext is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village under the Selaiyur SRO, classified as Residential Special Type - I.
How the guideline value of Sri Ram Nagar Ext has changed
Looking at the historical revisions, the guideline value for Sri Ram Nagar Ext has seen several changes. The 2012 revision set the value at Rs 2,700 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,809 per sq.ft. The 2023 revision increased the value to Rs 2,700 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,900 per sq.ft, marking a 7% increase.
Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.
Guideline values in Selaiyur
In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the guideline value of Sri Ram Nagar Ext above this median.
- Sri Ram Nagar 1 to 4th Street: Rs 2,900 per sq.ft (2024)
- Sri Ram Nagar Sakthi Garden Phase I: Rs 2,900 per sq.ft (2024)
- Sri Ram Nagar Sakthi Garden Phase II: Rs 2,900 per sq.ft (2024)
- Sri Ram Nagar: Rs 2,900 per sq.ft (2024)
- Sri Ranganatha Nagar Extension: Rs 1,800 per sq.ft (2024)
- Sri Ranganatha nagar Extension Dr.Saradha Subramaniam Nagar: Rs 1,800 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Ram Nagar Ext
For a 1,000 sq.ft plot at the current rate of Rs 2,900 per sq.ft, the guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, while the registration fee at 2% would be Rs 58,000, totaling Rs 2,61,000. Please note that the duty is charged on the higher of the guideline value or the sale price.
You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Sri Ram Nagar Ext?
The Sub Registrar Office covering Sri Ram Nagar Ext is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Selaiyur
The guideline value is a crucial factor in property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.
When buying or selling property, the guideline value helps both parties understand the expected market value of the property. Buyers should be aware that the final registration costs will be based on the higher of the guideline value or the actual sale price.
Frequently asked questions
What is the current guideline value of Sri Ram Nagar Ext?
The current guideline value of Sri Ram Nagar Ext is Rs 2,900 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, a 7% increase. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012, showing a significant change over the years.
What is the land classification of Sri Ram Nagar Ext?
Sri Ram Nagar Ext is classified as Residential Special Type - I, indicating its suitability for residential development.
Where can I find the Selaiyur Sub Registrar Office?
The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
How is the stamp duty calculated for properties in Sri Ram Nagar Ext?
Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.
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