Guideline Value for Sriram Nagar

Sriram Nagar guideline value

The current guideline value of Sriram Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sriram Nagar has changed

Since the 2017 revision, the guideline value of Sriram Nagar has seen a significant increase. The 2017 revision recorded a value of Rs 670 per sq.ft, which remained unchanged at Rs 1,000 per sq.ft in the 2023 revision. With the 2024 revision, the value again stands at Rs 1,000 per sq.ft, indicating no change from the previous year. The overall change from 2017 to 2024 is +49%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Sriram Nagar. The guideline value has remained stable from 2023 to 2024, with no percentage increase, while the increase from 2017 to 2023 was +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 for these streets is Rs 700 per sq.ft, placing Sriram Nagar's 2024 guideline value above this median.

• Sri Ramanujar Royal City: Rs 700 per sq.ft (2024)
• Sri Rajivgandhi Nagar: Rs 700 per sq.ft (2024)
• Sriperumpudur - Kundrathur Road: Rs 1,200 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 1,200 per sq.ft (2024)
• Srinivasa nagar: Rs 700 per sq.ft (2024)
• Sri Nagar Phase - II: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sriram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is calculated at 7%, resulting in Rs 70,000, while the registration fee at 2% amounts to Rs 20,000. The total cost for these fees together is Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sriram Nagar?

Sriram Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is bought or sold, the guideline value is assessed to ensure that the fees are calculated based on the appropriate value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sriram Nagar?

The current guideline value of Sriram Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, showing a +49% increase overall from 2017 to 2024.

What are the other streets in Sriperumbudur A and their guideline values?

Other streets in Sriperumbudur A include Sri Ramanujar Royal City and Sri Rajivgandhi Nagar, both at Rs 700 per sq.ft, while Sriperumpudur - Kundrathur Road and Sriperumpudur Chengalpattu Road are valued at Rs 1,200 per sq.ft in 2024.

What fees are associated with buying property in Sriram Nagar?

When buying property in Sriram Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

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