Guideline Value for SriGayathiri Nagar

SriGayathiri Nagar guideline value

The current guideline value of SriGayathiri Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Mettupalayam village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of SriGayathiri Nagar has changed

The guideline value for SriGayathiri Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following this, the 2023 revision brought it back to Rs 200 per sq.ft, and the 2024 revision has also maintained this value at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, there was a significant increase of 49% from the 2017 revision to the 2023 revision. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 200 per sq.ft.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft. The median value for these streets is Rs 181 per sq.ft, placing SriGayathiri Nagar above this median.

• Sri Parameshwari Farm Land: Rs 200 per sq.ft (2024)
• SriRagavendra Nagar: Rs 200 per sq.ft (2024)
• Smart City Phase-2: Rs 900 per sq.ft (2024)
• Smart City: Rs 500 per sq.ft (2024)
• Saneeshvarar kovil Street: Rs 200 per sq.ft (2024)
• Ramar Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in SriGayathiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SriGayathiri Nagar?

The Sub Registrar Office covering SriGayathiri 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mettupalayam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is referenced to ensure that the correct fees are applied. This ensures transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of SriGayathiri Nagar?

The current guideline value of SriGayathiri Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, and then returning to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for SriGayathiri Nagar?

SriGayathiri Nagar is classified as Residential Class I Type - I, which indicates its use for residential purposes.

What are the stamp duty and registration fees for a property in SriGayathiri Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

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

The Sub Registrar Office for SriGayathiri Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.