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_C village under the Sunguvarchattram SRO, and is 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. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged in the 2023 revision. As of the 2024 revision, the guideline value stands at Rs 600 per sq.ft, reflecting a significant change of +49% from the 2017 revision.

From 2023 to 2024, there has been no change in the guideline value, maintaining the rate at Rs 600 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2012 do not have figures recorded for this street.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Sri ramanujar nagar's 2024 figure above this median.

• Srinivasa Nagar: Rs 300 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri Andal Nagar: Rs 300 per sq.ft (2024)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 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, totaling Rs 54,000. It is important to note that the 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?

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

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

The guideline value plays a crucial role during the registration of property transactions in Santhavellur_C. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the registration process. Accurate knowledge of these values can help in planning the budget for property transactions.

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 increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, marking a change of +49% overall.

What are the stamp duty and registration fees for properties in Sri ramanujar nagar?

For a 1,000 sq.ft property at the guideline value of Rs 600 per sq.ft, the total stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which Sub Registrar Office handles registrations for Sri ramanujar nagar?

The Sunguvarchattram Sub Registrar Office is responsible for handling registrations for Sri ramanujar nagar, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company.

What is the land classification for Sri ramanujar nagar?

Sri ramanujar nagar is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.