Guideline Value for Srinivasa Nagar

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Srinivasa Nagar has changed

Over the years, the guideline value of Srinivasa Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 400%. However, the value dropped to Rs 670 per sq.ft in the 2017 revision, reflecting a decrease of 33%. From 2017 to 2023, the guideline value remained steady at Rs 1,000 per sq.ft, showing an increase of 49% from the 2017 figure. The 2024 revision maintains the value at Rs 1,000 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Srinivasa Nagar is equal to this median.

• Srinivasa Avenue-III: Rs 1,000 per sq.ft (2024)
• Sri Ramajayarajan Nagar: Rs 1,000 per sq.ft (2024)
• Sri Krishna Nagar Extn-I,II: Rs 1,000 per sq.ft (2024)
• Sri Kanthavel Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gayathri Co.op Mega Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Adhanoor. It serves as the benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value ensures that the transaction is registered at a value that reflects the official rates set by the government. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then dropping to Rs 670 per sq.ft in 2017, and remaining at Rs 1,000 per sq.ft from 2023 to 2024.

What is the land classification for Srinivasa Nagar?

The land classification for Srinivasa Nagar is Residential Special Type - I.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles the registration for Srinivasa Nagar?

The Gooduvancheri Sub Registrar Office is responsible for handling registrations for Srinivasa Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.