Guideline Value for Sri Sairam Nagar Phase II

Sri Sairam Nagar Phase II guideline value

The current guideline value of Sri Sairam Nagar Phase II is Rs 150 per sq.ft, effective from 1 July 2024. This area is classified under Residential Class III Type - I and falls under the Arani_Tiruvallur SRO.

How the guideline value of Sri Sairam Nagar Phase II has changed

The guideline value for Sri Sairam Nagar Phase II has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 100 per sq.ft. The value increased to Rs 150 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, indicating a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value remained unchanged at Rs 150 per sq.ft from the 2023 to the 2024 revision.

Guideline values in Palavakkam

Sri Sairam Nagar Phase II shares the same guideline value of Rs 150 per sq.ft with other streets in Palavakkam. Below are the other streets in Palavakkam:

• Golden Earth City: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sairam Nagar Phase II

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, together totaling Rs 13,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sairam Nagar Phase II?

The Sub Registrar Office that covers Sri Sairam Nagar Phase II is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Sri Sairam Nagar Phase II?

The current guideline value of Sri Sairam Nagar Phase II is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both the 2023 and 2024 revisions, marking a 50% increase overall from 2017 to 2024.

What are the stamp duty rates for properties in Sri Sairam Nagar Phase II?

The stamp duty for properties in Sri Sairam Nagar Phase II is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registration for Sri Sairam Nagar Phase II?

The Arani_Tiruvallur Sub Registrar Office handles property registration for Sri Sairam Nagar Phase II, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.