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Guideline Value

Corporate

Guideline Value for SRI AYYA NAGAR (KOD)

₹551/sq.ft.

The guideline value for Sri Ayya Nagar (kod) in Kadampur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 551 per sq.ft, effective 1 July 2024. It was Rs 500 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:

Chengalpattu

Zone

Kadampur

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹551 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Ayya Nagar (kod)

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Sri Ayya Nagar (Kod) guideline value

The current guideline value for Sri Ayya Nagar (Kod) in Kadampur village is Rs 551 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Ayya Nagar (Kod) has changed

The guideline value for Sri Ayya Nagar (Kod) has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, reflecting a decrease of 33%. In the 2023 revision, the value increased to Rs 500 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 551 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 500 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007.

Guideline values in Kadampur

Kadampur village has a range of guideline values across its 44 streets under the Chengleput Joint II SRO. The 2024 figures for these streets range from Rs 385 to Rs 2,200 per sq.ft, with the median value being Rs 551 per sq.ft. The guideline value for Sri Ayya Nagar (Kod) aligns with this median.

Stamp duty and registration fee for property in Sri Ayya Nagar (Kod)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, while the registration fee at 2% would be Rs 11,020. Together, the total cost for duty and registration would be Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ayya Nagar (Kod)?

The Sub Registrar Office that covers Sri Ayya Nagar (Kod) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kadampur. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Sri Ayya Nagar (Kod)?

The current guideline value for Sri Ayya Nagar (Kod) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification for Sri Ayya Nagar (Kod)?

Sri Ayya Nagar (Kod) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Sri Ayya Nagar (Kod)?

The stamp duty for properties in Sri Ayya Nagar (Kod) is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Ayya Nagar (Kod)?

The Sub Registrar Office for Sri Ayya Nagar (Kod) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.