If you are planning to buy or sell immovable property, you should be aware of the guideline value of Sriperumbudur. It is also known as Guidance value,Ready Reckoner (RR) rate or Circle rate. In the simplest of terms, it is the minimum value fixed by the state government for a particular area's land or property. Keep reading to know more
Get in touch with the legal experts of NoBroker to understand the exact valuation of your property.
Sriperumbudur land guideline value meaning :
Land guideline value is the basis for calculating the stamp duty and registration fee while purchasing or transferring property. It is the minimum value at which a property registration takes place.
What is guideline value in Sriperumbudur?
The land guideline value is determined based on several factors, such as the location, amenities, infrastructure, and availability of resources like water and electricity.
1. You can calculate the guideline value from the official website of Tamil Nadu Government : Registration department.
Click here to open the Inspector General of Registration - Tamil Nadu
2.Simply fill all the details in the Guideline Search' option
3.Select the zone (Chennai), SRO (
Sriperumbudur)
and select your village from the drop down menu
4.Click on enter
5 The Guideline value of the specific area will be displayed on the screen.
How is it calculated?
Guidance Value is derived for both undeveloped land parcels and built-up areas.The guidance value is determined by each state separately based on the market price, real estate market conditions, property demand and supply, etc. For plots, the value is determined based on the available land area, excluding any built-up areas.
To help you understand the concept better, I will share an example. Suppose the guideline value for a plot of land in Sriperumbudur is Rs. 1,000 per sq.ft., and the plot's area is 1,200 sq.ft. Then the land guideline value will be 1,000 x 1,200 = Rs. 12,00,000.
This is all from my end on the topic of ‘guideline value of Sriperumbudur‘.
Read More:
What is guidance value of property?
How to calculate government valuation of property?
What Various Factors Affecting Valuation of a Property are?
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What is guideline value in Sriperumbudur?
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2023-04-26T18:46:10+00:00 2025-02-12T22:53:11+00:00Comment
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