Guideline Value for SriRam Nagar

SriRam Nagar guideline value

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

How the guideline value of SriRam Nagar has changed

The guideline value for SriRam Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes in the guideline value are only reflected in the revisions from 2012, 2017, 2023, and 2024.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft, with a median value of Rs 226 per sq.ft. The guideline value for SriRam Nagar is below this median.

• Sri Ram Avenue: Rs 250 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 200 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar Phase-I: Rs 250 per sq.ft (2024)
• SriBalaji Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in SriRam 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, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers SriRam Nagar?

The Sub Registrar Office that covers SriRam 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Koozhangacheri. It serves as a reference point for determining the minimum value at which a property can be sold or purchased. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of SriRam Nagar?

The current guideline value of SriRam 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 changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and remains at Rs 200 per sq.ft in 2024.

Are there any years without a guideline value for SriRam Nagar?

Yes, the register has no figures for the years 2002, 2003, and 2007 for SriRam Nagar.

What are the stamp duty and registration fees for property in SriRam 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 is the Sub Registrar Office for SriRam Nagar located?

The Sub Registrar Office for SriRam Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.