Guideline Value for Sriram Nagar 4th Street

Sriram Nagar 4th Street guideline value

The current guideline value of Sriram Nagar 4th Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Sriram Nagar 4th Street has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision set the value at Rs 1,320 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are notable: from 2017 to 2023, there was a significant increase of 49%, while from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Sriram Nagar 4th Street's 2024 figure below that median.

• Sriram Nagar 5th Street: Rs 1,320 per sq.ft (2024)
• Sriram Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Sriram Nagar 6th Street: Rs 1,320 per sq.ft (2024)
• Sriram Nagar 7th Street: Rs 1,320 per sq.ft (2024)
• Sriram Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Sriram Nagar 8th Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sriram Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that 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 Sriram Nagar 4th Street?

The Sriram Nagar 4th Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peerklankaranai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees incurred during the transaction.

When registering a property, the guideline value serves as a benchmark for the government to assess the transaction's value. It ensures that the property is registered at a fair value, reflecting the market conditions and land classification.

Frequently asked questions

What is the current guideline value of Sriram Nagar 4th Street?

The current guideline value of Sriram Nagar 4th Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: in 2012 it was Rs 1,200, decreased to Rs 804 in 2017, increased to Rs 1,200 in 2023, and finally set at Rs 1,320 in 2024.

What is the land classification for Sriram Nagar 4th Street?

The land classification for Sriram Nagar 4th Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Sriram Nagar 4th Street?

The Sub Registrar Office for Sriram Nagar 4th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the median guideline value for streets in Peerklankaranai?

The median guideline value for streets in Peerklankaranai is Rs 1,650 per sq.ft, with Sriram Nagar 4th Street's value being below this median.