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Guideline Value

Corporate

Guideline Value for SRI NAGAR PART - II (CHEN)

₹1100/sq.ft.

The guideline value for Sri Nagar Part - Ii (chen) in Sengundram - 1 village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sengundram - 1

Village

Chengleput Joint II

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Nagar Part - Ii (chen)

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Sri Nagar Part - II (Chen) guideline value

The current guideline value of Sri Nagar Part - II (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under Sengundram - 1 village and is classified as Residential Special Type - III. The guideline value is set by the Chengleput Joint II SRO.

How the guideline value of Sri Nagar Part - II (Chen) has changed

The guideline value for Sri Nagar Part - II (Chen) has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The latest revision from 2023 to 2024 shows an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing the 2024 figure for Sri Nagar Part - II (Chen) above this median.

Stamp duty and registration fee for property in Sri Nagar Part - II (Chen)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Sri Nagar Part - II (Chen)?

The Sub Registrar Office that covers Sri Nagar Part - II (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor during property registration in Sengundram - 1. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees payable by the buyer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It helps maintain transparency in property dealings within the area.

Frequently asked questions

What is the current guideline value for Sri Nagar Part - II (Chen)?

The current guideline value for Sri Nagar Part - II (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently to Rs 1,100 per sq.ft in 2024.

What is the land classification for Sri Nagar Part - II (Chen)?

Sri Nagar Part - II (Chen) is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the other streets in Sengundram - 1 and their guideline values?

Other streets in Sengundram - 1 include Srinivasapuram, Sri Lakshmi Nagar (Chen), Sri Ponni Nagar, Sriram Nagar (Chen), Sri Dharmanathar Avenue (Chen), and Sri Devi Karumariamman Nagar, with varying guideline values for 2024.

Where can I find the Sub Registrar Office for Sri Nagar Part - II (Chen)?

The Sub Registrar Office for Sri Nagar Part - II (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.