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Guideline Value for S.B.M.School Street 2nd Cross Street

₹1540/sq.ft.

The guideline value for S.b.m.school Street 2nd Cross Street in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /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 S.b.m.school Street 2nd Cross Street

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S.B.M.School Street 2nd Cross Street guideline value

The current guideline value of S.B.M.School Street 2nd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of S.B.M.School Street 2nd Cross Street has changed

The guideline value for S.B.M.School Street 2nd Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. This was followed by a significant increase to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is equal to the current figure for S.B.M.School Street 2nd Cross Street.

Stamp duty and registration fee for property in S.B.M.School Street 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.B.M.School Street 2nd Cross Street?

The S.B.M.School Street 2nd Cross Street falls under 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 Thiruverkadu

When buying or selling property in Thiruverkadu, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and is used as a benchmark for property transactions, ensuring transparency in the process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in property transactions. This value is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of S.B.M.School Street 2nd Cross Street?

The current guideline value of S.B.M.School Street 2nd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the median guideline value in Thiruverkadu?

The median guideline value in Thiruverkadu is Rs 1,540 per sq.ft, which is the same as the guideline value for S.B.M.School Street 2nd Cross Street in 2024.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 1,38,600.

Which office handles property registrations for S.B.M.School Street 2nd Cross Street?

The Kunrathur Sub Registrar Office handles property registrations for S.B.M.School Street 2nd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.