Guideline Value

Corporate

Guideline Value for SRI KAMATCHI AVENUE

₹1450/sq.ft.

The guideline value for Sri Kamatchi Avenue in Baraniputjur village (Kunrathur SRO, Chennai zone) is Rs 1450 per sq.ft, effective 1 July 2024. It was Rs 1302 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Baraniputjur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1450 /sq.ft.
From 1-4-2023 ₹1302 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹872 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Sri Kamatchi Avenue

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Sri Kamatchi Avenue guideline value

The current guideline value of Sri Kamatchi Avenue is Rs 1,450 per sq.ft, effective from 1 July 2024. This street is located in Baraniputjur village under the Kunrathur SRO, and it is classified as Residential Special Type - I.

How the guideline value of Sri Kamatchi Avenue has changed

The guideline value for Sri Kamatchi Avenue has seen several revisions over the years. In the 2017 revision, the value was set at Rs 872 per sq.ft. This figure increased significantly to Rs 1,302 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 raised the guideline value further to Rs 1,450 per sq.ft, which is an 11% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 66%.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, placing Sri Kamatchi Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Kamatchi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value would be Rs 14,50,000. The stamp duty at 7% would amount to Rs 1,01,500, while the registration fee at 2% would be Rs 29,000, bringing the total fees to Rs 1,30,500. It is 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 Sri Kamatchi Avenue?

The Sub Registrar Office that covers Sri Kamatchi Avenue 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 Baraniputjur

The guideline value is a critical factor when registering property in Baraniputjur. It determines the stamp duty and registration fees that buyers and sellers must pay during the transaction process. This ensures that the government receives appropriate revenue based on the property's assessed value.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price exceeds the guideline value, the duty is calculated based on the sale price, ensuring that the registration process is fair and transparent.

Frequently asked questions

What is the current guideline value of Sri Kamatchi Avenue?

The current guideline value of Sri Kamatchi Avenue is Rs 1,450 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 66% to the current rate of Rs 1,450 per sq.ft in 2024. The value rose from Rs 872 per sq.ft in 2017 to Rs 1,302 per sq.ft in 2023, and then to Rs 1,450 per sq.ft in 2024.

What is the land classification for Sri Kamatchi Avenue?

Sri Kamatchi Avenue is classified as Residential Special Type - I. This classification affects the guideline value and the type of development permitted in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees can amount to Rs 1,30,500.

Where can I find the Sub Registrar Office for Sri Kamatchi Avenue?

The Kunrathur Sub Registrar Office covers Sri Kamatchi Avenue and is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registration activities for properties in the area.