Guideline Value for Srinivasa Nagar

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Kudalur village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar has changed

The guideline value for Srinivasa Nagar has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 20 per sq.ft. This increased to Rs 70 per sq.ft in 2012, marking a significant rise of 250%. However, the value then decreased to Rs 47 per sq.ft in 2017, a drop of 33%. The 2023 revision maintained the value at Rs 100 per sq.ft, and this remains unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 113%, bringing it to Rs 100 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 400%, reflecting the changes in the guideline value over the years.

Guideline values in Kudalur

Kudalur village has 10 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 299 per sq.ft, with a median of Rs 100 per sq.ft. The guideline value for Srinivasa Nagar is equal to this median.

• Sri Mugambigai Nagar: Rs 100 per sq.ft (2024)
• Thirumalai Nagar: Rs 100 per sq.ft (2024)
• Sasi Nagar: Rs 100 per sq.ft (2024)
• Rasi Nagar Phase-II: Rs 111 per sq.ft (2024)
• Rallys Nagar: Rs 100 per sq.ft (2024)
• Madan City: Rs 100 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is crucial during the registration process when buying or selling property. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the Kudalur area.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, representing an overall increase of 400% over the years.

What are the stamp duty rates for property in Srinivasa Nagar?

The stamp duty rate for property in Srinivasa Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registration for Srinivasa Nagar?

The Madurandakam Sub Registrar Office handles property registration for Srinivasa Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306.

Where can I find more information about guideline values in Kudalur?

More information about guideline values in Kudalur can be found in the registration department's guideline value register (TNReginet) or through the provided links for other streets in Kudalur.