Guideline Value for Sri Ramkrishna Nagar

Sri Ramkrishna Nagar guideline value

The current guideline value of Sri Ramkrishna Nagar, located in Amarampedu village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Ramkrishna Nagar has changed

The guideline value for Sri Ramkrishna Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012. This figure remained the same until the next revision in 2017, where it dropped to Rs 134 per sq.ft. The 2023 revision brought it back up to Rs 200 per sq.ft, which remained unchanged in the 2024 revision.

Between the revisions, the changes were as follows: from 2007 to 2012, there was a +100% increase; however, from 2012 to 2017, it decreased by -33%. The value then increased by +49% from 2017 to 2023, and finally, there was no change from 2023 to 2024. The overall change from 2007 to 2024 is +100%.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value is Rs 200 per sq.ft, which is equal to the current figure for Sri Ramkrishna Nagar.

• Sri Rajeswari Nagar: Rs 150 per sq.ft (2024)
• Sri Mahalaxmi Nagar: Rs 150 per sq.ft (2024)
• Sri Senthil Avenue: Rs 200 per sq.ft (2024)
• Star city: Rs 200 per sq.ft (2024)
• Sivan Koil Street: Rs 200 per sq.ft (2024)
• School Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ramkrishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ramkrishna Nagar?

The Sub Registrar Office that covers Sri Ramkrishna 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 Amarampedu

The guideline value is a crucial factor when buying or selling property, as it determines the stamp duty and registration fees applicable during the transaction. Buyers must ensure they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Sri Ramkrishna Nagar?

The current guideline value of Sri Ramkrishna Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Sri Ramkrishna Nagar?

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

Where can I find the Sub Registrar Office for Sri Ramkrishna Nagar?

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.