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Guideline Value

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Guideline Value for Sri Srinivasa Perumal Nagar Extn

₹400/sq.ft.

The guideline value for Sri Srinivasa Perumal Nagar Extn in Arambakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Arambakkam

Village

Gooduvancheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Srinivasa Perumal Nagar Extn

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Sri Srinivasa Perumal Nagar Extn guideline value

The current guideline value for Sri Srinivasa Perumal Nagar Extn is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Srinivasa Perumal Nagar Extn has changed

The guideline value for Sri Srinivasa Perumal Nagar Extn has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 400 per sq.ft. This remained unchanged until the next revision in 2017, where the value dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, bringing it back to Rs 400 per sq.ft.

The latest revision in 2024 maintains the guideline value at Rs 400 per sq.ft, showing no change from the previous year. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 400 to Rs 800 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Sri Srinivasa Perumal Nagar Extn below this median.

Stamp duty and registration fee for property in Sri Srinivasa Perumal Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Sri Srinivasa Perumal Nagar Extn?

The Sri Srinivasa Perumal Nagar Extn falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the sale process.

When a property is registered, the guideline value is used to calculate the applicable fees. If the sale price exceeds the guideline value, the fees will be based on the sale price instead. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Perumal Nagar Extn?

The current guideline value of Sri Srinivasa Perumal Nagar Extn is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 400 per sq.ft in 2024 and 2023, Rs 268 per sq.ft in 2017, and Rs 400 per sq.ft in 2012.

What is the median guideline value in Arambakkam?

The median guideline value for streets in Arambakkam is Rs 600 per sq.ft, with Sri Srinivasa Perumal Nagar Extn currently below this median at Rs 400 per sq.ft.

What fees are associated with property transactions in Sri Srinivasa Perumal Nagar Extn?

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000, and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Gooduvancheri Sub Registrar Office covers Sri Srinivasa Perumal Nagar Extn, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.