Guideline Value for Srinivasa Nagar

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_C village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 300 per sq.ft. With the 2024 revision, the guideline value has again been set at Rs 300 per sq.ft, reflecting a 49% increase from the 2017 revision.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Srinivasa Nagar. Thus, the guideline value has seen a significant increase of 49% overall from 2017 to 2024, with no change from 2023 to 2024.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, making Srinivasa Nagar's current guideline value below the median.

• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri Andal Nagar: Rs 300 per sq.ft (2024)
• Siva 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 rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 detailed calculations.

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. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Santhavellur_C. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is assessed by the government and can influence the overall cost of the transaction.

When registering a property, the guideline value ensures that the transaction is reported at a fair price, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It remained unchanged from 2023 to 2024.

What is the land classification of Srinivasa Nagar?

Srinivasa Nagar is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Srinivasa Nagar?

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

How is the stamp duty calculated for properties in Srinivasa Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.