Guideline Value for Sri Sornaprabu Nagar

Sri Sornaprabu Nagar guideline value

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

How the guideline value of Sri Sornaprabu Nagar has changed

According to the guideline value register, there have been two revisions for Sri Sornaprabu Nagar: the 2023 revision and the 2024 revision, both set at Rs 200 per sq.ft. The register does not have figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

From the 2023 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 200 per sq.ft. This consistency indicates stability in the valuation for this street over the past two years.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Sri Sornaprabu Nagar is below this median.

• Sri Vishnu Nagar: Rs 150 per sq.ft (2024)
• Sri Ram Nagar: Rs 150 per sq.ft (2024)
• Temple Town: Rs 400 per sq.ft (2024)
• Sri Devi Nagar: Rs 150 per sq.ft (2024)
• Thideer Nagar: Rs 200 per sq.ft (2024)
• Thideer Nagar 1st Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sornaprabu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. 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 more details.

Which Sub Registrar Office covers Sri Sornaprabu Nagar?

The Sub Registrar Office that covers Sri Sornaprabu 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 Vallam_B

The guideline value is a critical factor during the registration of property transactions in Vallam_B. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Sornaprabu Nagar?

The current guideline value of Sri Sornaprabu 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 remained constant at Rs 200 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Vallam_B?

The median guideline value in Vallam_B is Rs 400 per sq.ft, with Sri Sornaprabu Nagar's value being below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

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

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