Guideline Value for Sri Ramanuja Residency lay out

Sri Ramanuja Residency lay out guideline value

The current guideline value of Sri Ramanuja Residency lay out is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Vadakal_C village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Ramanuja Residency lay out has changed

The guideline value for Sri Ramanuja Residency lay out has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show a value of Rs 500 per sq.ft from the 2023 revision, which increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no available figures for the street in the previous revisions. The guideline value for 2024 stands at Rs 550 per sq.ft, reflecting the latest assessment of property values in the area.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sri Ramanuja Residency lay out is above this median.

• Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)
• Sri Madha Nagar: Rs 500 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Sri Vari Nagar: Rs 400 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 per sq.ft (2024)
• Sri Baba Nagar ph.III: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ramanuja Residency lay out

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sri Ramanuja Residency lay out?

The Sri Ramanuja Residency lay out falls under the jurisdiction of 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 Vadakal_C

The guideline value is a critical factor in the registration process for property transactions in Vadakal_C. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ramanuja Residency lay out?

The current guideline value of Sri Ramanuja Residency lay out is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Ramanuja Residency lay out?

Sri Ramanuja Residency lay out is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Sri Ramanuja Residency lay out is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Ramanuja Residency lay out?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.