Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Panchayat Colony I & II Street

₹1200/sq.ft.

The guideline value for Panchayat Colony I & Ii Street in Thirunageswaram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunageswaram

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
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 Panchayat Colony I & Ii Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Panchayat Colony I & II Street guideline value

The current guideline value of Panchayat Colony I & II Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Panchayat Colony I & II Street has changed

The guideline value for Panchayat Colony I & II Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,100 per sq.ft. This was followed by a decrease to Rs 737 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,100 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,200 per sq.ft.

Between the revisions, the changes were as follows: from 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The latest change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has increased by 9%.

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. The median value for these streets is Rs 1,550 per sq.ft, which indicates that the guideline value for Panchayat Colony I & II Street is below this median.

Stamp duty and registration fee for property in Panchayat Colony I & II Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, resulting in a total of Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Panchayat Colony I & II Street?

The Panchayat Colony I & II Street falls under the jurisdiction of 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 Thirunageswaram

When buying or selling property in Thirunageswaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for properties in the area, and it is used to calculate the applicable fees during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the financial obligations associated with property transactions. Ensuring compliance with these values helps in a smooth registration process at the Kunrathur SRO.

Frequently asked questions

What is the current guideline value of Panchayat Colony I & II Street?

The current guideline value of Panchayat Colony I & II Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification for Panchayat Colony I & II Street?

Panchayat Colony I & II Street is classified as Residential Class I Type - I.

Where can I find the registration office for this street?

The registration office for Panchayat Colony I & II Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.