Guideline Value for Sristi Nagar Anex

Sristi Nagar Anex guideline value

The current guideline value of Sristi Nagar Anex is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vilangadupakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sristi Nagar Anex has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 268 per sq.ft, reflecting a decrease of 33%. The guideline value then rose significantly to Rs 400 per sq.ft in 2023, which was a 49% increase from the previous figure. The most recent revision in 2024 has set the value at Rs 440 per sq.ft, a 10% increase from 2023.

The register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with the median being Rs 440 per sq.ft. Sristi Nagar Anex's guideline value matches this median.

• Sri Srinivasa Nagar: Rs 600 per sq.ft (2024)
• Sri Selvaganapathy Nagar: Rs 440 per sq.ft (2024)
• Sri Venkateshwara Nagar Part - 2: Rs 440 per sq.ft (2024)
• Sri Venkateshwara Nagar Part - 4: Rs 440 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 770 per sq.ft (2024)
• Sri Vigneswara Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sristi Nagar Anex

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value is Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sristi Nagar Anex?

The Sub Registrar Office that covers Sristi Nagar Anex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the Registration Department and is updated periodically based on market conditions.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sristi Nagar Anex?

The current guideline value of Sristi Nagar Anex is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, marking an overall increase of 120% over this period.

What is the registration office for Sristi Nagar Anex?

The registration office covering Sristi Nagar Anex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find more information about stamp duty and registration fees?

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