Guideline Value for Srinivasa nagar main road (Srinivasa nagar)

Srinivasa nagar main road (Srinivasa nagar) guideline value

The current guideline value of Srinivasa nagar main road (Srinivasa nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Srinivasa nagar main road (Srinivasa nagar) has changed

The guideline value of Srinivasa nagar main road has seen several revisions over the years. In 2007, the guideline value was Rs 611 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it dropped to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, and finally, it is set at Rs 1,300 per sq.ft from 1 July 2024. The changes between these revisions include a 96% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and an 8% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayappakkam

Ayappakkam village has a total of 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which matches the current guideline value for Srinivasa nagar main road.

• Srinivasa Perumal Koil Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,300 per sq.ft (2024)
• Sri Ganapthy Avenue: Rs 880 per sq.ft (2024)
• Sri. Seetha Pattabi Nagar: Rs 1,700 per sq.ft (2024)
• Sri. Seetha Pattabi Nagar Annex: Rs 1,700 per sq.ft (2024)
• Sri . Devi Karumari Amman Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa nagar main road (Srinivasa nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa nagar main road (Srinivasa nagar)?

The Sub Registrar Office covering Srinivasa nagar main road (Srinivasa nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller are aware of the financial implications of the transaction.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are mandatory for registration at the Sub Registrar Office. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be considered for calculating the stamp duty.

Frequently asked questions

What is the current guideline value of Srinivasa nagar main road?

The current guideline value of Srinivasa nagar main road (Srinivasa nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 611 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting various increases and decreases through the years.

What is the land classification for Srinivasa nagar main road?

Srinivasa nagar main road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Ambattur Sub Registrar Office covers Srinivasa nagar main road and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How do stamp duty and registration fees work?

Stamp duty and registration fees are calculated based on the higher of the guideline value and the sale price of the property. These fees are mandatory for the registration process at the Sub Registrar Office.