Guideline Value for Srinivasa Nagar

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar in Santhavellur_B village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the jurisdiction of the Sunguvarchattram SRO and 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. In the 2017 revision, the value was set at Rs 201 per sq.ft. This figure remained unchanged in the 2023 and 2024 revisions, which both recorded a guideline value of Rs 300 per sq.ft. The overall change from 2017 to 2024 is an increase of 49%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision shows no change, maintaining the guideline value at Rs 300 per sq.ft.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Srinivasa Nagar's 2024 figure below that median.

• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 501 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Sathya Sai Nagar(Akshara City): Rs 501 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri Andal Nagar: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating stamp duty and registration fees, 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Santhavellur_B, as it determines the amount of stamp duty and registration fees payable. When a property is bought or sold, the guideline value is used to assess the financial obligations associated with the transaction.

Buyers and sellers should be aware that the guideline value serves as a benchmark for property transactions. It is essential to refer to the latest revisions to ensure compliance with the current regulations and fees.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 300 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024.

What are the other streets in Santhavellur_B and their guideline values?

Other streets in Santhavellur_B include Sri ramanujar nagar at Rs 600 per sq.ft, Sri Saravanabhavan Nagar at Rs 501 per sq.ft, and Sri sastha nagar at Rs 1,045 per sq.ft, among others.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would amount to Rs 27,000.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office covering Srinivasa Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.