Guideline Value for Sri Ram Nagar

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar, located in Atanancheri village, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Ram Nagar has changed

Over the years, the guideline value of Sri Ram Nagar has seen several revisions. The 2007 revision set the value at Rs 175 per sq.ft, which increased to Rs 500 per sq.ft in 2012. This was a significant rise of 186%. However, between 2012 and 2017, the value decreased to Rs 335 per sq.ft, marking a decline of 33%. The value then increased by 49% to Rs 500 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 186%, reflecting the changes in the area over time.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Ram Nagar below this median.

• Sri Ranganathar Nagar: Rs 800 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 600 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 800 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Ganapathi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Ram Nagar?

The Sub Registrar Office covering Sri Ram Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Atanancheri. It serves as a benchmark for determining the minimum value of property for registration, ensuring that the transaction is conducted at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 500 per sq.ft in 2024, reflecting an overall increase of 186% since 2007.

What are the other streets in Atanancheri with their guideline values?

Other streets in Atanancheri include Sri Ranganathar Nagar at Rs 800 per sq.ft, Srinivasa Perumal Nagar at Rs 600 per sq.ft, and Sri Sakthi Nagar at Rs 800 per sq.ft, among others.

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

The stamp duty for property in Sri Ram Nagar is calculated at 7% of the guideline value. For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000.

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

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