Guideline Value for SRI CHAKRA NAGAR

Sri Chakra Nagar guideline value

The current guideline value of Sri Chakra Nagar is Rs 2,860 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-A village, under the Kunrathur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sri Chakra Nagar has changed

The guideline value for Sri Chakra Nagar has seen significant changes over the years. The 2017 revision set the guideline value at Rs 1,742 per sq.ft, which increased to Rs 2,600 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised it to Rs 2,860 per sq.ft, marking a 10% increase from the previous year. Notably, the overall increase from 2017 to 2024 is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The increase from 2017 to 2023 was 49%, highlighting the changes in property valuation over the years.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median guideline value in this area is Rs 1,760 per sq.ft, placing Sri Chakra Nagar above this median.

• Soundari Garden: Rs 1,540 per sq.ft (2024)
• Sri Sakthi Amman Nagar Extension: Rs 3,025 per sq.ft (2024)
• Sri Vijayalakshmi Garden @ Temple City: Rs 2,160 per sq.ft (2024)
• Subramanyapuram: Rs 1,800 per sq.ft (2024)
• Sulochana Nagar: Rs 1,760 per sq.ft (2024)
• Temple View Garden: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Chakra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total cost for these fees to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Chakra Nagar?

The Sub Registrar Office that covers Sri Chakra Nagar is 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 Kunrathour-A

The guideline value plays a crucial role in property transactions in Kunrathour-A. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of the transaction. Accurate knowledge of these values ensures compliance with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Sri Chakra Nagar?

The current guideline value of Sri Chakra Nagar is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,742 per sq.ft to Rs 2,860 per sq.ft, reflecting an overall increase of 64% by 2024.

What are the stamp duty and registration fees for a property in Sri Chakra Nagar?

The stamp duty for a property valued at Rs 28,60,000 is Rs 2,00,200, and the registration fee is Rs 57,200, totaling Rs 2,57,400.

Which office handles property registrations in Sri Chakra Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Sri Chakra Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets in Kunrathour-A with different guideline values?

Yes, there are several other streets in Kunrathour-A with varying guideline values, ranging from Rs 1,210 to Rs 5,123 per sq.ft, with a median value of Rs 1,760 per sq.ft.