Guideline Value for Sri ramanujar nagar

Sri ramanujar nagar guideline value

The current guideline value of Sri ramanujar nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur village, under the Sunguvarchattram SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Sri ramanujar nagar has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The most recent revision in 2024 continued this rate at Rs 600 per sq.ft, indicating no percentage change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 49% increase in the guideline value, and overall, from 2017 to 2024, the increase remains at 49% as well. The consistency in the guideline value from 2023 to 2024 shows stability in this area.

Guideline values in Santhavellur

Santhavellur village has a total of 63 streets under the Sunguvarchattram SRO, with 2024 guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value in this village is Rs 500 per sq.ft, placing Sri ramanujar nagar's 2024 figure above that median.

• Srinivasa Nagar: Rs 305 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)
• Sri sastha nagar: Rs 1,046 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri vishnu gardens: Rs 600 per sq.ft (2024)
• Sri Andal Nagar: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Sri ramanujar nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri ramanujar nagar?

The Sub Registrar Office that covers Sri ramanujar nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Santhavellur, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for property transactions, ensuring that the taxes levied are based on a standardized value rather than fluctuating market prices.

During the registration process, buyers and sellers must refer to the guideline value to calculate the applicable fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri ramanujar nagar?

The current guideline value of Sri ramanujar 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 remained Rs 600 per sq.ft from 2023 to 2024, with a 49% increase from Rs 402 per sq.ft in 2017 to the current rate.

What is the land classification of Sri ramanujar nagar?

Sri ramanujar nagar is classified as Commercial Class I Type - III.

What are the other streets in Santhavellur with their guideline values?

Other streets in Santhavellur have varying guideline values, ranging from Rs 305 to Rs 1,046 per sq.ft. For example, Sri Saravanabhavan Nagar has a guideline value of Rs 1,000 per sq.ft.

Where can I find the Sub Registrar Office for Sri ramanujar nagar?

The Sub Registrar Office for Sri ramanujar nagar is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.