Guideline Value for Sri Srinivasa Nagar

Sri Srinivasa Nagar guideline value

The current guideline value of Sri Srinivasa Nagar, located in Agraharam Vada village under the Poonamallee SRO, is Rs 850 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Srinivasa Nagar has changed

The guideline value for Sri Srinivasa Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and finally rose to Rs 850 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 6%. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 6% in the guideline value.

Guideline values in Agraharam Vada

In Agraharam Vada, there are 17 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 660 to Rs 1,650 per sq.ft, with a median of Rs 880 per sq.ft. The guideline value of Sri Srinivasa Nagar is below this median.

• Sri Ambal Nagar Kamachi Avenue: Rs 660 per sq.ft (2024)
• Sri Ambal Avenue: Rs 880 per sq.ft (2024)
• Shree Mahalakshmi Nagar: Rs 880 per sq.ft (2024)
• Ramachandran Nagar: Rs 850 per sq.ft (2024)
• Pilliyar Koil Street: Rs 850 per sq.ft (2024)
• Padmavathy Nagar Extension: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Srinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, totaling Rs 76,500. 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 Srinivasa Nagar?

The Sub Registrar Office that covers Sri Srinivasa Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agraharam Vada. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Nagar?

The current guideline value of Sri Srinivasa Nagar is Rs 850 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with the 2012 revision at Rs 800 per sq.ft, a decrease to Rs 536 per sq.ft in 2017, and an increase back to Rs 800 per sq.ft in 2023. The latest revision in 2024 has set it at Rs 850 per sq.ft.

What are the other streets in Agraharam Vada?

Other streets in Agraharam Vada include Sri Ambal Nagar Kamachi Avenue, Sri Ambal Avenue, Shree Mahalakshmi Nagar, Ramachandran Nagar, Pilliyar Koil Street, and Padmavathy Nagar Extension, with varying guideline values.

What is the stamp duty rate for properties in Sri Srinivasa Nagar?

The stamp duty rate for properties in Sri Srinivasa Nagar is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration process.

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

The Sub Registrar Office for Sri Srinivasa Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO through the provided link.