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 area is located in Ponthoor village under the Sriperumpudur SRO, classified as Residential Class III 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 Rs 55 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision. However, it then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 300 per sq.ft, and the 2024 revision continues this trend with no change, keeping it at Rs 300 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 445%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the guideline value of Sri Ram Nagar.

• Sriperumpudur Chengalpattu Road: Rs 700 per sq.ft (2024)
• Srinivasa Nagar: Rs 709 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Sri Krishna Nagar: Rs 500 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Sri Vishnu 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 300 per sq.ft, the total 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.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a critical factor in the registration process for properties in Ponthoor. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial obligations during a property transaction. Understanding these values can help in making informed decisions during the buying or selling process.

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 seen various revisions, starting from Rs 55 per sq.ft in 2007, increasing to Rs 300 per sq.ft in 2012, dropping to Rs 201 per sq.ft in 2017, and maintaining Rs 300 per sq.ft in 2023 and 2024.

What is the classification of land in Sri Ram Nagar?

Sri Ram Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.

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.

How is stamp duty calculated for properties in Sri Ram Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a plot of 1,000 sq.ft at the guideline value of Rs 300 per sq.ft, the total stamp duty would be Rs 21,000.