Guideline Value for Sri Ramakrishna Nagar

Sri Ramakrishna Nagar guideline value

The current guideline value of Sri Ramakrishna Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Ramakrishna Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The most recent revision in 2024 has kept the guideline value at Rs 400 per sq.ft, reflecting a 49% increase from the 2017 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, the guideline value has increased by 49% from 2017 to 2024, indicating a stable value in recent years.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, placing Sri Ramakrishna Nagar's 2024 figure above that median.

• Sri Ramanujar Nagar: Rs 300 per sq.ft (2024)
• Sri Ramanujar Town: Rs 300 per sq.ft (2024)
• Sri Parasuram Nagar: Rs 700 per sq.ft (2024)
• Sri Meenakshi Nagar: Rs 200 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 200 per sq.ft (2024)
• Sri Hari Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ramakrishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Ramakrishna Nagar?

The Sub Registrar Office that covers Sri Ramakrishna 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 Pillaippakkam-A

The guideline value is a crucial factor during property registration in Pillaippakkam-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, it is essential to consider the guideline value as it directly affects the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Ramakrishna Nagar?

The current guideline value of Sri Ramakrishna Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 268 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Sri Ramakrishna Nagar?

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

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the guideline value is Rs 4,00,000, leading to a stamp duty of Rs 28,000 and a registration fee of Rs 8,000, totaling Rs 36,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Sri Ramakrishna Nagar located?

The Sub Registrar Office for Sri Ramakrishna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.