Guideline Value for Sri Srinivasa Perumal Nagar

Sri Srinivasa Perumal Nagar guideline value

The current guideline value for Sri Srinivasa Perumal Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village and falls under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Sri Srinivasa Perumal Nagar has changed

The guideline value for Sri Srinivasa Perumal Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft, which has remained consistent through the 2024 revision.

Notably, the revisions for the years 2002, 2003, and 2007 have no figure recorded for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft, with a median value of Rs 600 per sq.ft. Sri Srinivasa Perumal Nagar's 2024 figure aligns with this median.

• Sri Srinivasa Perumal Nagar Extn: Rs 400 per sq.ft (2024)
• SRI Subramaniyar Nagar ExTN: Rs 500 per sq.ft (2024)
• Sri Sai Muruga Garden: Rs 600 per sq.ft (2024)
• Sri Sai Green Homes: Rs 800 per sq.ft (2024)
• Subramaniaya Nagar: Rs 400 per sq.ft (2024)
• Sri Raghuraman Nagar: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Srinivasa Perumal Nagar?

The Sri Srinivasa Perumal Nagar area is covered by 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 more details.

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

The guideline value is a crucial factor in property transactions in Arambakkam. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. This ensures that the transaction is recorded at a value that reflects the local market standards, facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value for Sri Srinivasa Perumal Nagar?

The current guideline value for Sri Srinivasa Perumal Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 600 per sq.ft, unchanged from 2023. The value was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the classification of land in Sri Srinivasa Perumal Nagar?

Sri Srinivasa Perumal Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Sri Srinivasa Perumal Nagar?

The registration office covering Sri Srinivasa Perumal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

How is stamp duty calculated for properties in Sri Srinivasa Perumal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty at 7% would amount to Rs 42,000.