Guideline Value for Chinna Street

Chinna Street guideline value

The current guideline value of Chinna Street in Thirunageswaram village under the Kunrathur SRO is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - II.

How the guideline value of Chinna Street has changed

The guideline value for Chinna Street has undergone several revisions over the years. In 2003, the value was Rs 154 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. Following this, the value jumped to Rs 1,400 per sq.ft in 2012, but then saw a decrease to Rs 938 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 1,400 per sq.ft, before it increased to the current rate of Rs 1,550 per sq.ft in 2024.

Between the revisions, notable changes include a 95% increase from 2003 to 2007, a 367% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The current increase from 2023 to 2024 is 11%. Overall, from 2003 to 2024, the guideline value has increased by 906%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,550 per sq.ft. Chinna Street's 2024 figure is equal to this median.

• Bhavaniamman Koil Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 3rd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd Cross Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 1st Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 1st Cross Street: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total fees together to Rs 1,39,500. 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 detailed calculations.

Which Sub Registrar Office covers Chinna Street?

The Sub Registrar Office that covers Chinna Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirunageswaram. It determines the minimum value at which properties can be registered, ensuring that transactions are transparent and fair.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinna Street?

The current guideline value of Chinna Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 154 per sq.ft in 2003 to Rs 1,550 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 367% from 2007 to 2012.

What is the land classification for Chinna Street?

Chinna Street is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for Chinna Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 15,50,000, with a stamp duty of Rs 1,08,500 and a registration fee of Rs 31,000, totaling Rs 1,39,500.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.