Guideline Value

Corporate

Guideline Value for SHRI NAGAR

₹1320/sq.ft.

The guideline value for Shri Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹160 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹92 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Shri Nagar

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Shri Nagar guideline value

The current guideline value of Shri Nagar in Pallikaranai village is Rs 1,320 per sq.ft, effective from the 2024 revision. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Shri Nagar has changed

The guideline value for Shri Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 92 per sq.ft. This increased significantly to Rs 160 per sq.ft in 2003, marking a rise of 74%. The following revision in 2007 brought the value to Rs 900 per sq.ft, a substantial increase of 463%. In 2012, the value remained at Rs 1,200 per sq.ft, with no change noted until the 2023 revision, which also recorded Rs 1,200 per sq.ft. The most recent revision in 2024 saw the guideline value rise to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2017 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,335%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Shri Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Shri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value totals Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would amount to Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Shri Nagar?

The Sub Registrar Office that covers Shri Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is a critical reference point when buying or selling property in Pallikaranai. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating duties.

When engaging in property transactions, it is essential to consult the guideline value to ensure compliance with local regulations. This helps in understanding the financial implications of the transaction, including the costs associated with registration and stamp duty.

Frequently asked questions

What is the current guideline value of Shri Nagar?

The current guideline value of Shri Nagar is Rs 1,320 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 92 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 1,335%.

What is the registration office for Shri Nagar?

The registration office for Shri Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Shri Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%.

What are the other streets with the same guideline value as Shri Nagar?

Other streets in Pallikaranai with the same guideline value of Rs 1,320 per sq.ft include Shri Nagar Extn., Shri Krishna Street, Shri Krishna Nagar Extn., Shri Parthasarathy Street, and Shri Thirumalai Nagar.