Guideline Value for METRO SARASWATHI AVENUE
₹2090/sq.ft.
The guideline value for Metro Saraswathi Avenue in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Kunrathour-b
Village
Kunrathur
SRO
Mixed Special Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2090 /sq.ft. |
| From 1-4-2023 | ₹1900 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1273 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| 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)
No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]
DRO (District Registrar Office)
Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Metro Saraswathi Avenue
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Kunrathur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Metro Saraswathi Avenue guideline value
The current guideline value of Metro Saraswathi Avenue is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - II.
How the guideline value of Metro Saraswathi Avenue has changed
The guideline value for Metro Saraswathi Avenue has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 1,273 per sq.ft. This value increased to Rs 1,900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.
Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.
Guideline values in Kunrathour-B
In Kunrathour-B, there are 325 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, positioning Metro Saraswathi Avenue's 2024 figure above that median.
- Metro Star City: Rs 2,420 per sq.ft (2024)
- Metro Star City Annexe: Rs 2,420 per sq.ft (2024)
- Metro Hitec Residency: Rs 4,580 per sq.ft (2024)
- Metro Grand City: Rs 4,580 per sq.ft (2024)
- Metha Nagar West 9th Street: Rs 1,540 per sq.ft (2024)
- Metha Nagar West 8th Street: Rs 1,540 per sq.ft (2024)
Stamp duty and registration fee for property in Metro Saraswathi Avenue
For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total fees to Rs 1,88,100. 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 information.
Which Sub Registrar Office covers Metro Saraswathi Avenue?
The Sub Registrar Office that covers Metro Saraswathi Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Kunrathour-B
The guideline value is a crucial factor in property transactions in Kunrathour-B. It is used to determine the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.
When a property is sold, the buyer is required to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.
Frequently asked questions
What is the current guideline value of Metro Saraswathi Avenue?
The current guideline value of Metro Saraswathi Avenue is Rs 2,090 per sq.ft, effective from 1 July 2024.
How much has the guideline value changed over the years?
Since 2017, the guideline value has increased from Rs 1,273 per sq.ft to Rs 2,090 per sq.ft in 2024, marking an overall increase of 64%.
What are the stamp duty rates for property in Metro Saraswathi Avenue?
The stamp duty for property transactions in Metro Saraswathi Avenue is set at 7% of the guideline value or sale price, whichever is higher.
Where is the Kunrathur Sub Registrar Office located?
The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.
What is the median guideline value in Kunrathour-B?
The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, with Metro Saraswathi Avenue's 2024 figure being above this median.
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