Guideline Value for Sri Ram Nagar

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 600 per sq.ft, as per the 2023 revision. 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

The guideline value for Sri Ram Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 355 per sq.ft. This increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a rise of 69%. However, by the 2017 revision, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The most recent 2023 revision restored the value to Rs 600 per sq.ft, reflecting a 49% increase from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 69%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. The guideline value for Sri Ram Nagar is Rs 600 per sq.ft. There are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Ram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the 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 Ram Nagar?

Sri Ram Nagar falls under the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 355 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then dropped to Rs 402 per sq.ft in 2017, and finally returned to Rs 600 per sq.ft in 2023.

What is the stamp duty rate for properties in Sri Ram Nagar?

The stamp duty rate for properties in Sri Ram Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets listed under Vengadamangalam?

Currently, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.