Guideline Value

Corporate

Guideline Value for Dr.Kalaignar Nagar

₹2400/sq.ft.

The guideline value for Dr.kalaignar Nagar in Ernavur village (Thiruvottiyur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ernavur

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr.kalaignar Nagar

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Dr.Kalaignar Nagar guideline value

The current guideline value of Dr.Kalaignar Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This locality is situated in Ernavur village, under the jurisdiction of the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Dr.Kalaignar Nagar has changed

Over the years, the guideline value for Dr.Kalaignar Nagar has seen significant changes. In the 2007 revision, the value was Rs 250 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in 2012, marking a rise of 780%. However, in the 2017 revision, the value decreased to Rs 1,474 per sq.ft, a decline of 33%. The value then rose again to Rs 2,200 per sq.ft in 2023, and finally reached Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 860%. It is important to note that the register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Dr.Kalaignar Nagar is above this median.

Stamp duty and registration fee for property in Dr.Kalaignar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr.Kalaignar Nagar?

The Sub Registrar Office that covers Dr.Kalaignar Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ernavur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, 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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr.Kalaignar Nagar?

The current guideline value of Dr.Kalaignar Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 860% over the years.

What is the land classification of Dr.Kalaignar Nagar?

Dr.Kalaignar Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in Dr.Kalaignar Nagar?

The stamp duty for property transactions in Dr.Kalaignar Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.