Guideline Value for Sri Ram Nagar

Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class V Type - I.

How the guideline value of Sri Ram Nagar has changed

The guideline value of Sri Ram Nagar has seen several revisions over the years. Starting from Rs 81 per sq.ft in 2002, it increased to Rs 110 per sq.ft in 2003, marking a change of +36%. By 2007, the value jumped significantly to Rs 200 per sq.ft, reflecting an increase of +82%. The next revision in 2012 saw the value remaining at Rs 900 per sq.ft, with no change recorded. The 2023 revision maintained the same value of Rs 900 per sq.ft, and the latest revision in 2024 has increased the value to Rs 990 per sq.ft, a change of +10% from the previous year.

It is important to note that the register has no figure for Sri Ram Nagar for the year 2017. Overall, from 2002 to 2024, the guideline value has increased by +1122%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Sri Ram Nagar is below this median.

• Sri Ram Avenue: Rs 990 per sq.ft (2024)
• Sri Sabari Ayyappan Nagar: Rs 1,400 per sq.ft (2024)
• Sri Sabari Ayyappan Nagar 1th Cross Street: Rs 1,400 per sq.ft (2024)
• Sri Sabari Ayyappan Nagar 2nd Cross Street: Rs 1,400 per sq.ft (2024)
• Sri Sabari Ayyappan Nagar 3rd Cross Street: Rs 1,400 per sq.ft (2024)
• Sri Sabari Ayyappan Nagar 4th Cross Street: Rs 1,400 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 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar?

The Sri Ram Nagar area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from 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 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 81 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, showing an overall increase of +1122% over the years.

What is the land classification for Sri Ram Nagar?

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

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations for Sri Ram Nagar?

The Ambattur Sub Registrar Office handles property registrations for Sri Ram Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053.