Guideline Value for Srivari Nagar

Srivari Nagar guideline value

The current guideline value of Srivari Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Kunnam village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Srivari Nagar has changed

Over the years, the guideline value of Srivari Nagar has seen several revisions. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 350 per sq.ft, which has been maintained in the 2024 revision as well. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 50%. Overall, from 2012 to 2024, there has been no change, maintaining the value at Rs 350 per sq.ft.

Guideline values in Kunnam

Kunnam village has 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 660 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Srivari Nagar's 2024 figure above this median.

• Star Lake Avenue: Rs 350 per sq.ft (2024)
• SriSakthi Nagar: Rs 350 per sq.ft (2024)
• Thirupathi Nagar: Rs 660 per sq.ft (2024)
• Solai Street: Rs 181 per sq.ft (2024)
• Road Street: Rs 250 per sq.ft (2024)
• Prabu metha nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Srivari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srivari Nagar?

The Sub Registrar Office that covers Srivari Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kunnam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Srivari Nagar?

The current guideline value of Srivari Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since 2012, with a drop to Rs 234 per sq.ft in 2017, before returning to Rs 350 per sq.ft in 2023 and remaining the same in 2024.

What is the classification of land in Srivari Nagar?

The land classification for Srivari Nagar is Residential Special Type - I.

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

The Sub Registrar Office for Srivari Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated in Kunnam?

Stamp duty in Kunnam is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at 7% of the guideline value.