Guideline Value for SRI MEHTA NAGAR

Sri Mehta Nagar guideline value

The current guideline value of Sri Mehta Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Mehta Nagar has changed

In the 2017 revision, the guideline value was Rs 938 per sq.ft. This figure increased significantly to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The current value of Rs 1,540 per sq.ft in the 2024 revision reflects a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is equal to the current value of Sri Mehta Nagar.

• Sri Manakula Vinayagar Nagar: Rs 1,430 per sq.ft (2024)
• Sri Mahaveer Avenue: Rs 1,760 per sq.ft (2024)
• Sri Kutty Vinayagar Nagar: Rs 1,210 per sq.ft (2024)
• Sri Kutti Vinayaga Avenue: Rs 1,320 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 1,760 per sq.ft (2024)
• Sri Kubera Ganapathi Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Mehta Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 Mehta Nagar?

Sri Mehta Nagar falls under 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 Kunrathour-B

The guideline value is a crucial factor in the registration of property transactions in Kunrathour-B. It determines the minimum value at which a property can be registered and is used for calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sri Mehta Nagar?

The current guideline value of Sri Mehta Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and now to Rs 1,540 per sq.ft in 2024, showing significant increases over these years.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, which is the same as the current guideline value for Sri Mehta Nagar.

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

For a property of 1,000 sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office do I need to visit for property registration in Sri Mehta Nagar?

The Kunrathur Sub Registrar Office covers Sri Mehta Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.