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Guideline Value

Corporate

Guideline Value for SRI RANGAM NEW TOWN AND ALL PHASES

₹3800/sq.ft.

The guideline value for Sri Rangam New Town And All Phases in Ernavur village (Thiruvottiyur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ernavur

Village

Thiruvottiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Rangam New Town And All Phases

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Sri Rangam New Town And All Phases guideline value

The current guideline value of Sri Rangam New Town And All Phases is Rs 3,800 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area is located in Ernavur village and falls under the Thiruvottiyur SRO with a land classification of Commercial Class I Type - I.

How the guideline value of Sri Rangam New Town And All Phases has changed

Over the years, the guideline value for Sri Rangam New Town And All Phases has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,200 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, followed by a decrease to Rs 2,345 per sq.ft in 2017. The value then rose sharply to Rs 3,500 per sq.ft in 2023, and as of 2024, it stands at Rs 3,800 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 192% from 2007 to 2012, then decreased by 33% from 2012 to 2017. After that, it rose by 49% from 2017 to 2023, and subsequently increased by 9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 217%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing the guideline value of Sri Rangam New Town And All Phases above this median.

Stamp duty and registration fee for property in Sri Rangam New Town And All Phases

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making a total of Rs 3,42,000. 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 information.

Which Sub Registrar Office covers Sri Rangam New Town And All Phases?

The Sub Registrar Office that covers Sri Rangam New Town And All Phases is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Ernavur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value, as it influences the overall transaction cost. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Sri Rangam New Town And All Phases?

The current guideline value of Sri Rangam New Town And All Phases is Rs 3,800 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 217% over the years.

What is the role of the Thiruvottiyur SRO?

The Thiruvottiyur SRO is responsible for property registrations in the area, including Sri Rangam New Town And All Phases. It ensures that all transactions comply with local regulations and that appropriate fees are collected.

How is stamp duty calculated in Sri Rangam New Town And All Phases?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at a rate of 7%.

What is the median guideline value in Ernavur?

The median guideline value in Ernavur is Rs 1,600 per sq.ft. The guideline value of Sri Rangam New Town And All Phases is above this median, indicating a higher valuation compared to many other streets in the area.