Guideline Value for Srimadhe Ramanujar Nagar

Srimadhe Ramanujar Nagar guideline value

The current guideline value of Srimadhe Ramanujar Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This locality is situated in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Srimadhe Ramanujar Nagar has changed

The guideline value for Srimadhe Ramanujar Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

It is important to note that there are no figures available for the revisions from the years 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 49% from 2017 to 2024.

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. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Srimadhe Ramanujar Nagar.

• Srimadhe Ramanujar Nagar Part - II: Rs 700 per sq.ft (2024)
• Sri Mangadu Kamachi Nagar: Rs 400 per sq.ft (2024)
• Sri Nagar: Rs 700 per sq.ft (2024)
• Sri Nagar Phase - II: Rs 700 per sq.ft (2024)
• Srinivasa nagar: Rs 700 per sq.ft (2024)
• Sri Karpagavinayagar Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Srimadhe Ramanujar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the 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 Srimadhe Ramanujar Nagar?

The Sub Registrar Office that covers Srimadhe Ramanujar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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 calculating stamp duty and registration fees, ensuring that the transaction is documented at a recognized value.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Srimadhe Ramanujar Nagar?

The current guideline value of Srimadhe Ramanujar 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. It 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 are the other streets in Sriperumbudur A with similar guideline values?

Other streets in Sriperumbudur A with a guideline value of Rs 700 per sq.ft include Srimadhe Ramanujar Nagar Part - II, Sri Nagar, Sri Nagar Phase - II, Srinivasa nagar, and Sri Karpagavinayagar Nagar.

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

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft would incur a total fee of Rs 63,000, including both stamp duty and registration fees.

Which office handles property registrations in Srimadhe Ramanujar Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations in Srimadhe Ramanujar Nagar. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.