Guideline Value

Corporate

Guideline Value for SRI KALASATHAMMAN NAGAR

₹248/sq.ft.

The guideline value for Sri Kalasathamman Nagar in Mabuskanpettai village (Thiruvottiyur SRO, Chennai zone) is Rs 248 per sq.ft, effective 1 July 2024. It was Rs 226 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mabuskanpettai

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹248 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sri Kalasathamman Nagar

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Sri Kalasathamman Nagar guideline value

The current guideline value of Sri Kalasathamman Nagar is Rs 248 per sq.ft, effective from 1 July 2024. This area is located in Mabuskanpettai village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Kalasathamman Nagar has changed

The guideline value for Sri Kalasathamman Nagar has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 225 per sq.ft. This figure decreased to Rs 151 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased significantly to Rs 226 per sq.ft, reflecting a 50% rise from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 248 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mabuskanpettai

In Mabuskanpettai, there are eight streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 1,000 per sq.ft. The median value for these streets is Rs 248 per sq.ft, which is equal to the guideline value of Sri Kalasathamman Nagar.

Stamp duty and registration fee for property in Sri Kalasathamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value would be Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, making the total cost Rs 22,320. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kalasathamman Nagar?

The Sub Registrar Office that covers Sri Kalasathamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

When buying or selling property in Mabuskanpettai, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the value of the property, ensuring that the transaction is appropriately taxed based on the official rates set by the government.

During the registration process, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Kalasathamman Nagar?

The current guideline value of Sri Kalasathamman Nagar is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then to Rs 226 per sq.ft in 2023, and finally to Rs 248 per sq.ft in 2024.

What is the land classification of Sri Kalasathamman Nagar?

Sri Kalasathamman Nagar is classified as Residential Special Type - I according to the guideline value register.

What are the other streets in Mabuskanpettai with their guideline values?

Other streets in Mabuskanpettai include Sri Gomathi Amman Nagar at Rs 165 per sq.ft, Sri Krishna Nagar Phase II at Rs 248 per sq.ft, Sri Sankara Balamurugan Nagar at Rs 248 per sq.ft, Sri Sankara Vetrivel Garden at Rs 248 per sq.ft, Vijay Nagar at Rs 165 per sq.ft, and Dr. Ambetkar Nagar at Rs 165 per sq.ft.

Where can I find the Sub Registrar Office for Sri Kalasathamman Nagar?

The Sub Registrar Office for Sri Kalasathamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.