Guideline Value for Sri city

Sri city guideline value

The current guideline value for Sri city, located in Maakaanyam village under the Sriperumpudur SRO, is Rs 250 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Sri city has changed

Over the years, the guideline value for Sri city has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it still held at Rs 250 per sq.ft. The 2017 revision saw a decrease to Rs 167 per sq.ft, marking a -33% change from the previous figure. The 2024 revision returns to Rs 250 per sq.ft, resulting in a +0% change from 2023 to 2024, while the overall change from 2012 to 2024 is also +0%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only revisions available are from 2012, 2017, 2023, and the upcoming 2024 revision.

Guideline values in Maakaanyam

In Maakaanyam village, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft. The median value is Rs 250 per sq.ft, and the guideline value for this street aligns with that median.

• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Hari balaji nagar: Rs 300 per sq.ft (2024)
• Sri Kalyana Srinivasaperumal koil street: Rs 400 per sq.ft (2024)
• Sri Murugan City: Rs 300 per sq.ft (2024)
• Sri Nagar: Rs 200 per sq.ft (2024)
• Sky home city: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri city

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri city?

The Sub Registrar Office that covers Sri city 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 Maakaanyam

The guideline value plays a crucial role during property registration in Maakaanyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When registering a property, the guideline value is used to calculate the applicable fees. This ensures that both parties are aware of their financial obligations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for Sri city?

The current guideline value for Sri city is Rs 250 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017. The value was Rs 250 per sq.ft in 2023 and will remain the same in 2024.

What is the land classification for Sri city?

The land classification for Sri city is New House Site Type -II (Unapproved Lay-Out). This classification is important for understanding the regulations that may apply to property development in the area.

What are the stamp duty and registration fees for a property in Sri city?

For a property valued at Rs 2,50,000, the stamp duty at 7% is Rs 17,500, and the registration fee at 2% is Rs 5,000. The total fees amount to Rs 22,500, which is calculated based on the guideline value.

Where can I find the Sub Registrar Office for Sri city?

The Sub Registrar Office for Sri city is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by visiting the relevant links provided.