Guideline Value for Sriram Nagar South 4th Street

Sriram Nagar South 4th Street guideline value

The current guideline value of Sriram Nagar South 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - III.

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

The guideline value for Sriram Nagar South 4th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, which is a rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, placing Sriram Nagar South 4th Street's 2024 figure above that median.

• Sriram Nagar South 3rd Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 5th Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 2nd Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 6th Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 1st Street: Rs 3,300 per sq.ft (2024)
• Sri Ram Nagar (South): Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sriram Nagar South 4th Street?

The Sub Registrar Office that covers Sriram Nagar South 4th Street is 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 Irumpuliyur

The guideline value is a critical factor during the registration of property transactions in Irumpuliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the applicable fees. This ensures that both parties are aware of the financial obligations associated with the transaction based on the established guideline value.

Frequently asked questions

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

The current guideline value of Sriram Nagar South 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the other guideline values in Irumpuliyur?

In Irumpuliyur, the guideline values range from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. Sriram Nagar South 4th Street's value is above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Sriram Nagar South 4th Street?

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