Guideline Value for Sri Sairam Nagar

Sri Sairam Nagar guideline value

The current guideline value of Sri Sairam Nagar is Rs 120 per sq.ft, effective from 1 July 2024. This area is located in Arayapakkam village and falls under the Madurandakam SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Sairam Nagar has changed

The guideline value for Sri Sairam Nagar has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 25 per sq.ft. This increased significantly to Rs 120 per sq.ft in the 2012 revision, marking a 380% rise. However, the value dropped to Rs 80 per sq.ft in 2017, a decrease of 33%. The 2023 revision maintained the value at Rs 120 per sq.ft, and the same value continues into the 2024 revision, showing no change.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 380%.

Guideline values in Arayapakkam

In Arayapakkam, there are 15 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 120 to Rs 400 per sq.ft, with a median value of Rs 203 per sq.ft. The guideline value for Sri Sairam Nagar is below this median.

• Sri Vari Avenue: Rs 300 per sq.ft (2024)
• Sri Patchaiyammal Nagar: Rs 175 per sq.ft (2024)
• Sri Krishna Nagar: Rs 203 per sq.ft (2024)
• Swomiyam Nagar: Rs 201 per sq.ft (2024)
• Royal City Phase - II Ext: Rs 250 per sq.ft (2024)
• Royal City Phase - I Ext: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sairam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 120 per sq.ft, the guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, totaling Rs 10,800. It is important to note that the 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 Sairam Nagar?

The Sub Registrar Office that covers Sri Sairam Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Arayapakkam. It determines the minimum value at which a property can be registered, and it is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It ensures transparency in transactions and helps in assessing the financial implications of property transfers.

Frequently asked questions

What is the current guideline value of Sri Sairam Nagar?

The current guideline value of Sri Sairam Nagar is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 120 per sq.ft in 2012, then decreased to Rs 80 per sq.ft in 2017, and remained at Rs 120 per sq.ft from 2023 to 2024.

What are the other streets in Arayapakkam with their guideline values?

Other streets in Arayapakkam include Sri Vari Avenue at Rs 300 per sq.ft, Sri Patchaiyammal Nagar at Rs 175 per sq.ft, Sri Krishna Nagar at Rs 203 per sq.ft, Swomiyam Nagar at Rs 201 per sq.ft, and Royal City Phase - I & II Extensions at Rs 250 per sq.ft.

What fees are associated with buying property in Sri Sairam Nagar?

When buying property, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Sri Sairam Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.