Guideline Value for Sri Ram Properties

Sri Ram Properties guideline value

The current guideline value for Sri Ram Properties in Perungalathur village is Rs 4,290 per sq.ft, effective from 1 July 2024. This property falls under the Padappai Sub Registrar Office and is classified as Industries Type - I.

How the guideline value of Sri Ram Properties has changed

The guideline value for Sri Ram Properties has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,900 per sq.ft. This was followed by a decrease to Rs 2,613 per sq.ft in 2017. In 2023, the value increased to Rs 3,900 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,290 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%. However, it increased by 49% from 2017 to 2023. The guideline value further rose by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, making the current value of Sri Ram Properties above this median.

• Sriram Nagar: Rs 2,310 per sq.ft (2024)
• Sri Rajeshwari Nagar: Rs 2,310 per sq.ft (2024)
• Sri Rajarajeswari Nagar Extension - I: Rs 2,310 per sq.ft (2024)
• Sri Rajarajeshwari Extn -II: Rs 2,310 per sq.ft (2024)
• Sri Raghavendra Nagar: Rs 1,980 per sq.ft (2024)
• Sri Raghavendra Enclave: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Properties

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Sri Ram Properties?

The Sri Ram Properties falls under the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When purchasing a property, buyers should be aware that the guideline value will influence the overall costs involved in the transaction. It is essential to consider this value to ensure compliance with local regulations and to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value for Sri Ram Properties?

The current guideline value for Sri Ram Properties in Perungalathur is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 3,900 per sq.ft in 2012 to Rs 2,613 per sq.ft in 2017, then back to Rs 3,900 in 2023, and finally to Rs 4,290 in 2024.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, with Sri Ram Properties being above this median value.

What are the stamp duty and registration fees for properties in Sri Ram Properties?

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300 and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.