Guideline Value

Corporate

Guideline Value for Sriram Nagar

₹2310/sq.ft.

The guideline value for Sriram Nagar in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2310 per sq.ft, effective 1 July 2024. It was Rs 2100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2310 /sq.ft.
From 1-4-2023 ₹2100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1407 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sriram Nagar

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Sriram Nagar guideline value

The current guideline value of Sriram Nagar, located in Perungalathur village under the Padappai SRO, is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sriram Nagar has changed

The guideline value for Sriram Nagar has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 2,100 per sq.ft in 2012. However, it then decreased to Rs 1,407 per sq.ft in 2017. The 2023 revision set the value at Rs 2,100 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,310 per sq.ft.

Notable changes between revisions include a 740% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. From 2017 to 2023, there was a substantial increase of 49%, and the most recent revision from 2023 to 2024 reflects a 10% increase. The overall change from the 2007 revision to the current 2024 figure is an impressive 824%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is equal to the guideline value of Sriram Nagar.

Stamp duty and registration fee for property in Sriram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost for these fees to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sriram Nagar?

The Sub Registrar Office that covers Sriram Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the state government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to accurately calculate their costs during a property transaction.

Frequently asked questions

What is the current guideline value of Sriram Nagar?

The current guideline value of Sriram Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 824% over this period.

What is the land classification of Sriram Nagar?

Sriram Nagar is classified as Residential Class II Type - I. This classification is important for determining the appropriate uses and regulations for the land.

What are the stamp duty and registration fees for property in Sriram Nagar?

For a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 and the registration fee would be Rs 46,200, totaling Rs 2,07,900. These fees are based on the guideline value.

Where is the Sub Registrar Office for Sriram Nagar located?

The Sub Registrar Office for Sriram Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.