Guideline Value

Corporate

Guideline Value for SRI NAGAR

₹400/sq.ft.

The guideline value for Sri Nagar in Koduvali village (Arani_tiruvallur SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koduvali

Village

Arani_Tiruvallur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /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.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Nagar

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Sri Nagar guideline value

The current guideline value of Sri Nagar, located in Koduvali village under the Arani_Tiruvallur SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which comes into effect on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Nagar has changed

Over the years, the guideline value for Sri Nagar has seen significant changes. The earliest recorded revision for this street was in 2017, where the guideline value was Rs 268 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 400 per sq.ft. The most recent 2024 revision continues this value at Rs 400 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same value of Rs 400 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Koduvali

In Koduvali, there are three streets under the Arani_Tiruvallur SRO that carry a guideline value of Rs 400 per sq.ft for the year 2024. This value is equal to the median guideline value for the village. The following are the other streets in Koduvali with their respective guideline values:

Stamp duty and registration fee for property in Sri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which would be Rs 28,000, and the registration fee is charged at 2%, amounting to Rs 8,000. Together, the total cost for stamp duty and registration fees would be Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Nagar?

The Sub Registrar Office that covers Sri Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koduvali. It is used to determine the stamp duty and registration fees that must be paid during the transaction. The guideline value is considered the minimum value for which the property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer and seller agree on a sale price, the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price. This ensures that the transaction is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Nagar?

The current guideline value of Sri Nagar is Rs 400 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the other streets in Koduvali with the same guideline value?

Other streets in Koduvali that have a guideline value of Rs 400 per sq.ft for 2024 include Sriradi Sai Baba Garden and Ekathamman Nagar.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000 for both fees combined.

Where is the Sub Registrar Office for Sri Nagar located?

The Sub Registrar Office for Sri Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.