Guideline Value for sri ram nagar extn

Sri Ram Nagar Extn guideline value

The current guideline value of Sri Ram Nagar Extn is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Ram Nagar Extn has changed

The guideline value for Sri Ram Nagar Extn has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which was a significant increase from previous years, although the register has no figures for the years 2002, 2003, 2007, and 2012. In the 2023 revision, the value remained unchanged at Rs 300 per sq.ft, and this figure will continue to apply into the 2024 revision.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The change from 2023 to 2024 shows no increase, maintaining the value at Rs 300 per sq.ft.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, placing the guideline value of Sri Ram Nagar Extn above this median.

• Sri Ram Nagar Part II: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 400 per sq.ft (2024)
• Srinivasa Nagar: Rs 200 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 300 per sq.ft (2024)
• Sri Karpaga Vinayaga Nagar Part-1: Rs 1,000 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar Extn?

The Sri Ram Nagar Extn falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nemili_B. It is used to determine the stamp duty and registration fees that must be paid to the government.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar Extn?

The current guideline value of Sri Ram Nagar Extn is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2023, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to 2024.

What classification does Sri Ram Nagar Extn fall under?

Sri Ram Nagar Extn is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sri Ram Nagar Extn?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used to calculate the applicable fees.