Guideline Value for Sri Thanthondri Amman Nagar

Sri Thanthondri Amman Nagar guideline value

The current guideline value of Sri Thanthondri Amman Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Thanthondri Amman Nagar has changed

The guideline value for Sri Thanthondri Amman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which remained unchanged at Rs 1,000 per sq.ft during the 2023 revision. The current 2024 revision also maintains this figure at Rs 1,000 per sq.ft, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, placing Sri Thanthondri Amman Nagar's 2024 figure above this median.

• Sri Selvalakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vinayaga nagar Part I,II,III: Rs 700 per sq.ft (2024)
• Sri Vinayaka Nagar Ph.-IV: Rs 700 per sq.ft (2024)
• Subethra Avenue: Rs 700 per sq.ft (2024)
• Sriram Nagar: Rs 1,000 per sq.ft (2024)
• Sri Ramanujar Royal City: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thanthondri Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. 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 Thanthondri Amman Nagar?

The Sub Registrar Office that covers Sri Thanthondri Amman 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 Sriperumbudur A

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Thanthondri Amman Nagar?

The current guideline value of Sri Thanthondri Amman Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification of Sri Thanthondri Amman Nagar?

Sri Thanthondri Amman Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 1,000 per sq.ft would incur a total fee of Rs 90,000.