Guideline Value for Srinivasa Nagar

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Srinivasa Nagar has changed

The guideline value for Srinivasa Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The latest revision in 2024 also retains the guideline value at Rs 200 per sq.ft, reflecting a 49% increase from the 2017 revision.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions indicate a significant increase from 2017 to 2024, with no change from 2023 to 2024.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for the area is Rs 250 per sq.ft, placing Srinivasa Nagar's 2024 figure below this median.

• Sri Kumaran Nagar: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 400 per sq.ft (2024)
• Sri Karpaga Vinayaga Nagar Part-1: Rs 1,000 per sq.ft (2024)
• Sri Ram Nagar Extn: Rs 300 per sq.ft (2024)
• Sri Ram Nagar Part II: Rs 300 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 200 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 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nemili_B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision of Rs 134 per sq.ft, the guideline value increased to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall.

What are the other streets in Nemili_B and their values?

Other streets in Nemili_B include Sri Kumaran Nagar at Rs 300 per sq.ft, Sri Ram Nagar at Rs 400 per sq.ft, and Sri Karpaga Vinayaga Nagar Part-1 at Rs 1,000 per sq.ft, among others.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total of Rs 18,000 in fees.

Where can I find more information about my Sub Registrar Office?

You can find information about your Sub Registrar Office by visiting the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, or by using the online tool to find your SRO.