Guideline Value for sri ram nagar (north)

Sri Ram Nagar (North) guideline value

The current guideline value of Sri Ram Nagar (North) in Irumpuliyur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - III.

How the guideline value of Sri Ram Nagar (North) has changed

The guideline value for Sri Ram Nagar (North) has seen several revisions over the years. Starting from Rs 500 per sq.ft in 2007, it increased significantly to Rs 3,000 per sq.ft in 2012. However, it dropped to Rs 2,010 per sq.ft in 2017 before rising again to Rs 3,000 per sq.ft in 2023. The current value of Rs 3,300 per sq.ft reflects a 10% increase from the previous year.

In terms of percentage changes, the guideline value rose by 500% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 560%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Sri Ram Nagar (North) above this median.

• Sri Ram Nagar (South): Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 1st Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 2nd Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 3rd Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 4th Street: Rs 3,300 per sq.ft (2024)
• Sriram Nagar South 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Nagar (North)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar (North)?

The Sub Registrar Office covering Sri Ram Nagar (North) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Irumpuliyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and reflects the current market conditions. This value is periodically revised to account for changes in the real estate landscape, ensuring that it remains relevant and fair.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar (North)?

The current guideline value of Sri Ram Nagar (North) 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 increased from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 560% over this period.

What are the other streets in Irumpuliyur with the same guideline value?

Other streets in Irumpuliyur with the same guideline value of Rs 3,300 per sq.ft include Sri Ram Nagar (South) and several streets in the Sriram Nagar South area.

Where is the Sub Registrar Office for Sri Ram Nagar (North)?

The Sub Registrar Office for Sri Ram Nagar (North) is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Ram Nagar (North)?

Stamp duty for properties in Sri Ram Nagar (North) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied.