Guideline Value

Corporate

Guideline Value for SRI KUMARAN NAGAR

₹2800/sq.ft.

The guideline value for Sri Kumaran Nagar 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 ₹250 /sq.ft.
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

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Sri Kumaran Nagar guideline value

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

How the guideline value of Sri Kumaran Nagar has changed

The guideline value for Sri Kumaran Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 250 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2007, marking a 200% rise. In 2012, the value saw a further increase to Rs 2,500 per sq.ft, which was a 233% increase from the previous revision. However, in 2017, the value dropped to Rs 1,675 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, a 49% increase from 2017, before reaching the current figure of Rs 2,800 per sq.ft in 2024, which is a 12% increase from the previous year.

The overall change from 2003 to 2024 shows a significant increase of 1020%, highlighting the fluctuations in the guideline value over the years. It is important to note that there is no recorded figure for the year 2002 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. The median value for these streets is Rs 2,800 per sq.ft, which is equal to the current guideline value of Sri Kumaran Nagar.

Stamp duty and registration fee for property in Sri Kumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Therefore, the total cost for stamp duty and registration fees would be Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kumaran Nagar?

The Sub Registrar Office that covers Sri Kumaran Nagar 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 when buying or selling property in Seevaram, as it determines the stamp duty and registration fees applicable during the transaction. Buyers must be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives its due revenue from property transactions.

When registering a property, the guideline value serves as a benchmark for assessing the property's worth. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations associated with the sale or purchase of real estate in the area.

Frequently asked questions

What is the current guideline value of Sri Kumaran Nagar?

The current guideline value of Sri Kumaran Nagar 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 from Rs 250 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1020% over the years.

What is the registration office for Sri Kumaran Nagar?

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

How is the stamp duty calculated for properties in Sri Kumaran Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty at 7% would be Rs 1,96,000.

What is the land classification for Sri Kumaran Nagar?

Sri Kumaran Nagar falls under the Residential Class II Type - I land classification, which is relevant for determining the guideline value and associated regulations.