Guideline Value for Srinivasa Nagar

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Puliyaranangkottai village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is 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 revision was in 2007, where the value was set at Rs 20 per sq.ft. This increased to Rs 50 per sq.ft in 2012, followed by a decrease to Rs 33 per sq.ft in 2017. The most significant change occurred between 2017 and 2023, where the value jumped to Rs 100 per sq.ft, remaining the same in the 2024 revision.

From 2007 to 2024, the overall increase in the guideline value stands at 400%. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

Guideline values in Puliyaranangkottai

Srinivasa Nagar shares the same guideline value of Rs 100 per sq.ft with other streets in Puliyaranangkottai. Below are the other streets under the Madurandakam SRO:

• Sri Balaji Nagar: 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 rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total 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.

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

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 Puliyaranangkottai

When buying or selling property in Puliyaranangkottai, the guideline value is used as a benchmark for calculating stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives appropriate revenue from property transactions, reflecting the official valuation of the property in the 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, reflecting an overall increase of 400% over this period.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles property registrations in Srinivasa Nagar?

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

Are there other streets with the same guideline value in Puliyaranangkottai?

Yes, other streets in Puliyaranangkottai, such as Sri Balaji Nagar, also have the same guideline value of Rs 100 per sq.ft as of 2024.