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Guideline Value

Corporate

Guideline Value for SRI RANGANATHAN NAGAR

₹550/sq.ft.

The guideline value for Sri Ranganathan Nagar in Sirukalathur village (Kunrathur SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Sirukalathur

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Ranganathan Nagar

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Sri Ranganathan Nagar guideline value

The current guideline value of Sri Ranganathan Nagar, located in Sirukalathur village under the Kunrathur SRO, is Rs 550 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Ranganathan Nagar has changed

The guideline value for Sri Ranganathan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the latest 2024 revision has raised it further to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the guideline value back up to Rs 500 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,970 per sq.ft, with the median being Rs 550 per sq.ft. The guideline value for Sri Ranganathan Nagar matches this median.

Stamp duty and registration fee for property in Sri Ranganathan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 further calculations.

Which Sub Registrar Office covers Sri Ranganathan Nagar?

The Sub Registrar Office that covers Sri Ranganathan Nagar is 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 Sirukalathur

The guideline value plays a crucial role in the registration process of property transactions in Sirukalathur. It is used to determine the stamp duty and registration fees that must be paid, ensuring that these fees are calculated based on the official valuation set by the registration authority.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It ensures transparency in transactions and helps in avoiding disputes related to property values during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ranganathan Nagar?

The current guideline value of Sri Ranganathan Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles property registration for Sri Ranganathan Nagar?

The Kunrathur Sub Registrar Office handles property registration for Sri Ranganathan Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Sirukalathur?

The guideline value is determined by the Registration Department based on various factors, including land classification and recent revisions of property values in the area.