Guideline Value for SriRam Naidu veedhi

SriRam Naidu veedhi guideline value

The current guideline value of SriRam Naidu veedhi in Padoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification and is registered with the Sunguvarchattram SRO.

How the guideline value of SriRam Naidu veedhi has changed

The guideline value for SriRam Naidu veedhi has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 200 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased by 49% back to Rs 200 per sq.ft, and it has remained the same in the 2024 revision.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating that the guideline value has stabilized over this period.

Guideline values in Padoor

In Padoor village, there are 22 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,700 per sq.ft. The median value for these streets is Rs 705 per sq.ft, positioning SriRam Naidu veedhi's 2024 figure below that median.

• Susee Alight: Rs 810 per sq.ft (2024)
• Thendral: Rs 1,209 per sq.ft (2024)
• P.V.K Street: Rs 200 per sq.ft (2024)
• Poonnamallee TharSalai: Rs 200 per sq.ft (2024)
• MGR Street: Rs 150 per sq.ft (2024)
• Madha Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in SriRam Naidu veedhi

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SriRam Naidu veedhi?

The SriRam Naidu veedhi is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Padoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that both parties are aware of the financial obligations involved in the sale.

Frequently asked questions

What is the current guideline value of SriRam Naidu veedhi?

The current guideline value of SriRam Naidu veedhi is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes being a return to Rs 200 per sq.ft in 2023 and 2024, after a decrease to Rs 134 per sq.ft in 2017.

What is the land classification for SriRam Naidu veedhi?

SriRam Naidu veedhi is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles registrations for SriRam Naidu veedhi?

The Sunguvarchattram Sub Registrar Office handles registrations for SriRam Naidu veedhi, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu.