Guideline Value for SriDevi Nagar

SriDevi Nagar guideline value

The current guideline value of SriDevi Nagar, located in Sriperumbudur A village under the Sriperumpudur SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of SriDevi Nagar has changed

The guideline value for SriDevi Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft in the 2023 revision and continues to hold the same value in the 2024 revision, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figure for the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 700 per sq.ft. This consistency indicates stability in the value for the current year.

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, with the median value being Rs 700 per sq.ft. SriDevi Nagar's guideline value aligns with this median.

• Sri Ganapathy Nagar: Rs 1,200 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar Extn: Rs 700 per sq.ft (2024)
• Sri Ganapathy sindicate: Rs 700 per sq.ft (2024)
• SriJakath guru Jayendra sankarapuram: Rs 1,000 per sq.ft (2024)
• Sri Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in SriDevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It's important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SriDevi Nagar?

The Sub Registrar Office that covers SriDevi 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 to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the fees are reflective of the property's value as determined by the government.

Frequently asked questions

What is the current guideline value of SriDevi Nagar?

The current guideline value of SriDevi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, and increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for SriDevi Nagar?

SriDevi Nagar is classified under Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for SriDevi Nagar?

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

How is the stamp duty calculated for properties in SriDevi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value is Rs 7,00,000, resulting in a stamp duty of Rs 49,000.