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Guideline Value

Corporate

Guideline Value for SRI KUMARAN NAGAR MAIN ROAD

₹2800/sq.ft.

The guideline value for Sri Kumaran Nagar Main Road in Seevaram village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Seevaram

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Kumaran Nagar Main Road

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Sri Kumaran Nagar Main Road guideline value

The current guideline value of Sri Kumaran Nagar Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Kumaran Nagar Main Road has changed

Over the years, the guideline value for Sri Kumaran Nagar Main Road has seen significant changes. The 2007 revision recorded a value of Rs 750 per sq.ft, which rose to Rs 2,500 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft. Following this, the value increased to Rs 2,500 per sq.ft in 2023, and then further to Rs 2,800 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2007 to 2024, the overall increase in guideline value is 273%. The changes between the revisions indicate a 233% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft, with the median being Rs 2,800 per sq.ft. The guideline value for Sri Kumaran Nagar Main Road aligns with this median.

Stamp duty and registration fee for property in Sri Kumaran Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Kumaran Nagar Main Road?

The Sub Registrar Office that covers Sri Kumaran Nagar Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Seevaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Kumaran Nagar Main Road?

The current guideline value of Sri Kumaran Nagar Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 750 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 273% over the years.

What are the stamp duty and registration fees for property in Sri Kumaran Nagar Main Road?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers Sri Kumaran Nagar Main Road?

The Neelankarai Sub Registrar Office covers Sri Kumaran Nagar Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. The higher value between the guideline and sale price is taken for duty calculations, ensuring fair revenue collection for the government.