Guideline Value for Sri Ram Nagar

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar, located in Thandalam village under the Thiruporur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

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 earliest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, the value rose significantly to Rs 1,000 per sq.ft in 2023, and further increased to Rs 1,100 per sq.ft in 2024, representing a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,275 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Sri Ram Nagar is below this median.

• Sri Agathiyar Avenue: Rs 770 per sq.ft (2024)
• Sunshine Avenue: Rs 1,320 per sq.ft (2024)
• Sun Shine Avenue Ph II: Rs 886 per sq.ft (2024)
• The Ritz Avenue: Rs 1,650 per sq.ft (2024)
• Vip City In Life On Green: Rs 1,100 per sq.ft (2024)
• Palm Avenue: Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost together to Rs 99,000. 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 Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property transaction occurs, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the fees are based on a standardized value, providing transparency in 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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Sri Ram Nagar?

The land classification for Sri Ram Nagar is Mixed Type - II.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Sri Ram Nagar?

The Thiruporur Sub Registrar Office handles property registrations for Sri Ram Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.