Guideline Value

Corporate

Guideline Value for SRI NARASIMHA NAGAR

₹770/sq.ft.

The guideline value for Sri Narasimha Nagar in Agraharam Male village (Poonamallee SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Agraharam Male

Village

Poonamallee

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[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 Narasimha Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Narasimha Nagar guideline value

The current guideline value of Sri Narasimha Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Agraharam Male village and falls under the Poonamallee SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Narasimha Nagar has changed

Over the years, the guideline value of Sri Narasimha Nagar has seen several revisions. The oldest registered figure is from 2012, which was Rs 700 per sq.ft. In 2017, this value decreased to Rs 469 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Agraharam Male

In Agraharam Male, there are 16 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 550 to Rs 1,400 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Sri Narasimha Nagar.

Stamp duty and registration fee for property in Sri Narasimha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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 more detailed calculations.

Which Sub Registrar Office covers Sri Narasimha Nagar?

The Sub Registrar Office that covers Sri Narasimha Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Agraharam Male. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Narasimha Nagar?

The current guideline value of Sri Narasimha Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What are the other streets in Agraharam Male with their guideline values?

Other streets in Agraharam Male include Sri Chethan Avenue at Rs 800 per sq.ft, Shaloom Avenue, The Ark Avenue, The Ark Enclave, and Uptown Park all at Rs 770 per sq.ft, and Mid Town Avenue at Rs 1,100 per sq.ft.

What is the stamp duty rate for property in Sri Narasimha Nagar?

The stamp duty rate for property in Sri Narasimha Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Narasimha Nagar?

The Sub Registrar Office for Sri Narasimha Nagar is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more details by visiting the appropriate link.