Guideline Value for S.R.S.Nagar

S.R.S.Nagar guideline value

The current guideline value of S.R.S.Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Kovur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of S.R.S.Nagar has changed

The guideline value for S.R.S.Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 33 per sq.ft, which increased significantly to Rs 150 per sq.ft in 2007. The value then saw a remarkable jump to Rs 1,200 per sq.ft in 2012, followed by a decrease to Rs 804 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 3900%. The register has no figure for this street in 2002.

Guideline values in Kovur

Kovur village has 91 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing S.R.S.Nagar's 2024 figure below that median.

• S.S. Nagar: Rs 1,650 per sq.ft (2024)
• Sri Visalathchi Nagar: Rs 1,650 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Sri Vaishnavi Avenue & Extention I, II: Rs 1,650 per sq.ft (2024)
• Sri Thirumal Nagar: Rs 1,430 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.S.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It's important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers S.R.S.Nagar?

The Sub Registrar Office that covers S.R.S.Nagar 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 Kovur

The guideline value plays a crucial role in the registration process when buying or selling property in Kovur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of S.R.S.Nagar?

The current guideline value of S.R.S.Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 33 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 3900% over this period.

What is the stamp duty rate for properties in S.R.S.Nagar?

The stamp duty rate for properties in S.R.S.Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

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

What is the median guideline value for streets in Kovur?

The median guideline value for the 91 streets in Kovur is Rs 1,650 per sq.ft, with S.R.S.Nagar's 2024 figure being below this median.