Guideline Value for Sri Ram Nagar

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kaduvancheri village, under the Sriperumpudur SRO, and is classified as Residential Special 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 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 300 per sq.ft, indicating no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The substantial increase from 2007 to 2012 was 500%, while the overall change from 2007 to 2024 is also 500%. This reflects the fluctuations and stability in the guideline values over the years.

Guideline values in Kaduvancheri

Kaduvancheri has 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the current value of Sri Ram Nagar.

• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Sri Iyappan Nagar (Sri Ayappa Nagar): Rs 250 per sq.ft (2024)
• Sri A.T. Panneerselvam Nagar: Rs 300 per sq.ft (2024)
• Thanga Nagar: Rs 300 per sq.ft (2024)
• Sindhiya Nagar: Rs 200 per sq.ft (2024)
• Shri Sakthi Nagar: Rs 1,232 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 rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling 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 details.

Which Sub Registrar Office covers Sri Ram Nagar?

The Sub Registrar Office that covers Sri Ram 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 Kaduvancheri

The guideline value plays a crucial role in the registration process when buying or selling property in Kaduvancheri. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is set by the government and can vary based on the location and type of property.

When a property is sold, the registration office will assess the transaction based on the guideline value or the sale price, whichever is higher. This ensures that the government receives 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 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated, with significant changes noted from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreasing to Rs 201 per sq.ft in 2017, and finally stabilizing at Rs 300 per sq.ft in 2023 and 2024.

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

Other streets in Kaduvancheri include Sri Vinayaga Nagar, Sri Iyappan Nagar, Sri A.T. Panneerselvam Nagar, Thanga Nagar, Sindhiya Nagar, and Shri Sakthi Nagar, with values ranging from Rs 200 to Rs 1,500 per sq.ft.

How is the stamp duty calculated in Sri Ram Nagar?

The stamp duty in Sri Ram Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied.

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

The Sub Registrar Office for Sri Ram Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by using the provided link to find your SRO.