Guideline Value for Sri Ram Nagar Part II
₹300/sq.ft.
The guideline value for Sri Ram Nagar Part Ii in Nemili_b village (Sriperumpudur SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a -25% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Nemili_b
Village
Sriperumpudur
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹300 /sq.ft. |
| From 1-4-2023 | ₹400 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | N/A |
| From 1-4-2012 To 8-6-2017 | N/A |
| 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
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sri Ram Nagar Part Ii
- 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
- Sriperumpudur 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 Part II guideline value
The current guideline value of Sri Ram Nagar Part II is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class I Type - I.
How the guideline value of Sri Ram Nagar Part II has changed
The guideline value for Sri Ram Nagar Part II has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 400 per sq.ft. However, in the 2024 revision, it decreased by 25% to Rs 300 per sq.ft.
This change from 2023 to 2024 reflects a significant reduction in the guideline value, moving from Rs 400 to Rs 300 per sq.ft. The current value is now positioned below the 2023 figure, indicating a notable shift in the valuation for this area.
Guideline values in Nemili_B
In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Sri Ram Nagar Part II's 2024 guideline value is above this median.
- Sri Ram Nagar Extn: Rs 300 per sq.ft (2024)
- Sri Ram Nagar: Rs 400 per sq.ft (2024)
- Srinivasa Nagar: Rs 200 per sq.ft (2024)
- Sri Kumaran Nagar: Rs 300 per sq.ft (2024)
- Sri Karpaga Vinayaga Nagar Part-1: Rs 1,000 per sq.ft (2024)
- Sri Kamatchi Nagar: Rs 200 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Ram Nagar Part II
For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total cost to Rs 27,000. It is important to 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 detailed calculations.
Which Sub Registrar Office covers Sri Ram Nagar Part II?
The Sub Registrar Office that covers Sri Ram Nagar Part II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO here.
How the guideline value is used when you buy or sell in Nemili_B
The guideline value plays a crucial role in the property registration process in Nemili_B. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.
When registering a property, it is essential to refer to the latest guideline value to ensure accurate financial planning. The guideline value is regularly updated to reflect changes in the market and local conditions.
Frequently asked questions
What is the current guideline value of Sri Ram Nagar Part II?
The current guideline value of Sri Ram Nagar Part II is Rs 300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 300 per sq.ft in 2024, reflecting a 25% decrease. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.
What is the land classification for Sri Ram Nagar Part II?
Sri Ram Nagar Part II is classified as Residential Class I Type - I, indicating its suitability for residential development.
What are the stamp duty and registration fees for properties in this area?
For a property valued at Rs 3,00,000, the total stamp duty is Rs 21,000 and the registration fee is Rs 6,000, resulting in a total of Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Sri Ram Nagar Part II?
The Sub Registrar Office for Sri Ram Nagar Part II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.
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