Guideline Value for Srinivasa nagar

Srinivasa nagar guideline value

The current guideline value of Srinivasa Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A 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 seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which was then increased to Rs 700 per sq.ft in the 2023 revision, reflecting a 49% increase. The 2024 revision maintained this value at Rs 700 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value of Srinivasa Nagar.

• Sri Nagar Phase - II: Rs 700 per sq.ft (2024)
• Sri Nagar: Rs 700 per sq.ft (2024)
• Sri Mangadu Kamachi Nagar: Rs 400 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 1,200 per sq.ft (2024)
• Srimadhe Ramanujar Nagar Part - II: Rs 700 per sq.ft (2024)
• Srimadhe Ramanujar Nagar: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly. It helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both the 2023 and 2024 revisions, reflecting a total increase of 49% from 2017 to 2024.

What is the land classification for Srinivasa Nagar?

Srinivasa Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Srinivasa Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 7,00,000 would incur a stamp duty of Rs 49,000 at a rate of 7%.