Guideline Value for Sriram Nagar South 6th Street

Sriram Nagar South 6th Street guideline value

The current guideline value of Sriram Nagar South 6th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village under the Tambaram Joint 1 SRO, and it falls under the land classification of Residential Special Type - III.

How the guideline value of Sriram Nagar South 6th Street has changed

The guideline value for Sriram Nagar South 6th Street has undergone several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in 2017. The value then increased significantly to Rs 3,000 per sq.ft in 2023, followed by a further rise to Rs 3,300 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

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 area is Rs 2,200 per sq.ft, making the 2024 figure for Sriram Nagar South 6th Street above the median.

• Sriram Nagar South 5th Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 4th Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 3rd Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 2nd 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 6th 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, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sriram Nagar South 6th Street?

The Sriram Nagar South 6th Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Irumpuliyur, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sriram Nagar South 6th Street?

The current guideline value of Sriram Nagar South 6th 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 is the land classification of Sriram Nagar South 6th Street?

The land classification of Sriram Nagar South 6th Street is Residential Special Type - III.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sriram Nagar South 6th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.