Guideline Value for Sri Ramajayarajan Nagar

Sri Ramajayarajan Nagar guideline value

The current guideline value of Sri Ramajayarajan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Ramajayarajan Nagar has changed

The guideline value for Sri Ramajayarajan Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a reduction of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, maintaining the same figure in 2024, resulting in no percentage change between these two years.

Notably, the register has no figures for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the current 2024 revision reflects a substantial increase of 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the current value of Sri Ramajayarajan Nagar.

• Sri Sai Baba Nagar: Rs 1,000 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,000 per sq.ft (2024)
• Srinivasa Avenue-III: Rs 1,000 per sq.ft (2024)
• Sri Sairam Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sathyasai Nagar: Rs 670 per sq.ft (2024)
• Sri Krishna Nagar Extn-I,II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ramajayarajan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost to Rs 90,000. 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 the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Ramajayarajan Nagar?

The Sri Ramajayarajan Nagar area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Adhanoor. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sri Ramajayarajan Nagar?

The current guideline value of Sri Ramajayarajan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 1,000 per sq.ft in 2023 and 2024. The value was Rs 670 per sq.ft in 2017 and Rs 200 per sq.ft in 2007.

What is the land classification for Sri Ramajayarajan Nagar?

Sri Ramajayarajan Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Sri Ramajayarajan Nagar?

The registration office for Sri Ramajayarajan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Ramajayarajan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.