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 street is located in Santhavellur_B village under the Sunguvarchattram SRO, classified as Commercial Class I Type - III.

How the guideline value of Sri ramanujar nagar has changed

The guideline value for Sri ramanujar nagar has seen several revisions over the years. In 2017, the value was Rs 402 per sq.ft, which increased to Rs 600 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase from 2017 to 2023 and remaining unchanged from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 revision value of Rs 600 per sq.ft reflects a significant increase of 49% from the 2017 revision.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri ramanujar nagar's 2024 value above this median.

• Srinivasa Nagar: Rs 300 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 501 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Sathya Sai Nagar(Akshara City): Rs 501 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri Andal Nagar: Rs 300 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 guideline value of Rs 600 per sq.ft, the total 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, bringing the total to Rs 54,000. 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 ramanujar nagar?

Sri ramanujar nagar falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Santhavellur_B. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in establishing a fair price for the transaction, as the stamp duty is calculated based on the higher of the guideline value or the actual sale price.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining unchanged at Rs 600 per sq.ft from 2023 to 2024.

What is the classification of land in Sri ramanujar nagar?

Sri ramanujar nagar is classified as Commercial Class I Type - III under the current land classification.

How is stamp duty calculated for properties in Sri ramanujar nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 600 per sq.ft, the stamp duty would be Rs 42,000.

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

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