Guideline Value for Sri Sankar Nagar

Sri Sankar Nagar guideline value

The current guideline value of Sri Sankar Nagar is Rs 875 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Sri Sankar Nagar has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the value rise to Rs 875 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 63%.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Sri Sankar Nagar's 2024 figure is below this median.

• S.S. Nagar: Rs 1,100 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Sri Hari Nagar: Rs 1,100 per sq.ft (2024)
• Thalaivar St: Rs 1,100 per sq.ft (2024)
• Thiruchittrambalam Nagar: Rs 1,100 per sq.ft (2024)
• S M G Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sankar Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,75,000. The stamp duty at 7% would be Rs 61,250, and the registration fee at 2% would be Rs 17,500, bringing the total to Rs 78,750. 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 Sankar Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Sri Sankar Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is crucial during the registration of property transactions in Sevilimadu - A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sankar Nagar?

The current guideline value of Sri Sankar Nagar is Rs 875 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 875 per sq.ft in 2024, marking an overall increase of 63%.

What are the guideline values of other streets in Sevilimadu - A?

Other streets in Sevilimadu - A have a guideline value of Rs 1,100 per sq.ft for 2024, which is higher than that of Sri Sankar Nagar.

Where can I find the registration office for Sri Sankar Nagar?

The registration office for Sri Sankar Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 875 per sq.ft incurs a total fee of Rs 78,750.