Guideline Value for Sri Ram Nagar

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Sri Ram Nagar has changed

The guideline value for Sri Ram Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to this, in 2017, the guideline value was Rs 100 per sq.ft, marking a significant increase of 50% from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street, indicating that the register does not provide any data for those years.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Ram Nagar's 2024 figure is below this median.

• Sri Sornaprabu Nagar: Rs 200 per sq.ft (2024)
• Sri Vishnu Nagar: Rs 150 per sq.ft (2024)
• Sri Devi Nagar: Rs 150 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Arabindo Nagar (Vasantham Nature City): Rs 200 per sq.ft (2024)
• Sowndari garden: 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the 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 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 Vallam_B

The guideline value is a crucial factor when buying or selling property in Vallam_B, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property transaction occurs, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar?

The current guideline value of Sri Ram Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, while it was Rs 100 per sq.ft in 2017, reflecting a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

What are the other streets in Vallam_B and their guideline values?

Other streets in Vallam_B include Sri Sornaprabu Nagar at Rs 200 per sq.ft, Sri Vishnu Nagar and Sri Devi Nagar both at Rs 150 per sq.ft, Sri Balaji Nagar at Rs 300 per sq.ft, Sri Arabindo Nagar (Vasantham Nature City) at Rs 200 per sq.ft, and Sowndari garden at Rs 600 per sq.ft.

What are the stamp duty and registration fees for property in Sri Ram Nagar?

For a property valued at Rs 1,50,000 in Sri Ram Nagar, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. This is calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Sri Ram Nagar?

The Sriperumpudur Sub Registrar Office handles property registration for Sri Ram Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.