Guideline Value for Sri Ramanujar Royal City

Sri Ramanujar Royal City guideline value

The current guideline value of Sri Ramanujar Royal City is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Ramanujar Royal City has changed

The guideline value for Sri Ramanujar Royal City has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, consistent with the 2023 revision. Prior to that, the 2017 revision set the value at Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Sri Ramanujar Royal City.

• Sri Rajivgandhi Nagar: Rs 700 per sq.ft (2024)
• Sriram Nagar: Rs 1,000 per sq.ft (2024)
• Sriperumpudur - Kundrathur Road: Rs 1,200 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 1,200 per sq.ft (2024)
• Srinivasa nagar: Rs 700 per sq.ft (2024)
• Sri Nagar Phase - II: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ramanujar Royal City

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Ramanujar Royal City?

The Sub Registrar Office that covers Sri Ramanujar Royal City 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 Sriperumbudur A

The guideline value is a critical factor during the registration of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When you register a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a value that reflects the current market conditions. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Sri Ramanujar Royal City?

The current guideline value of Sri Ramanujar Royal City is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 469 per sq.ft in 2017 to 2023. Overall, from 2017 to 2024, the increase is also 49%.

What is the land classification of Sri Ramanujar Royal City?

Sri Ramanujar Royal City is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sri Ramanujar Royal City?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the property is registered at a value that reflects current market conditions, promoting transparency in the process.