Guideline Value for Sri Sairam Nagar

Sri Sairam Nagar guideline value

The current guideline value of Sri Sairam Nagar, located in Kattankulam village under the Salavakkam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Sairam Nagar has changed

Over the years, the guideline value of Sri Sairam Nagar has seen several revisions. The 2012 revision set the value at Rs 75 per sq.ft, which then increased to Rs 50 per sq.ft in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 100 per sq.ft, and the current 2024 revision also holds at Rs 100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 100%, and the overall change from 2012 to 2024 reflects a 33% increase.

Guideline values in Kattankulam

In Kattankulam, there are eight streets under the Salavakkam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 103 per sq.ft, with the median being Rs 103 per sq.ft. The guideline value of Sri Sairam Nagar is below this median.

• Palace Estate Avenue: Rs 103 per sq.ft (2024)
• Mgr Nagar Phase-II: Rs 103 per sq.ft (2024)
• Mgr Nagar Phase-I: Rs 103 per sq.ft (2024)
• Gilli Garden Phase-II: Rs 103 per sq.ft (2024)
• Gilli Garden Phase-I: Rs 103 per sq.ft (2024)
• Gandhi Nagar: Rs 102 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 guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. 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 further calculations.

Which Sub Registrar Office covers Sri Sairam Nagar?

Sri Sairam Nagar is covered by the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kattankulam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is compared against the sale price. The higher amount is used to calculate the applicable stamp duty, ensuring that the transaction is recorded accurately and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Sri Sairam Nagar?

The current guideline value of Sri Sairam Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 100 per sq.ft in both 2023 and 2024, with a significant increase of 100% from 2017 to 2023.

What is the land classification of Sri Sairam Nagar?

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

What are the stamp duty and registration fees for a property in Sri Sairam Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Where is the Sub Registrar Office for Sri Sairam Nagar located?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.