Guideline Value

Corporate

Guideline Value for SRI SAI NAGAR

₹1480/sq.ft.

The guideline value for Sri Sai Nagar in Mepur village (Kunrathur SRO, Chennai zone) is Rs 1480 per sq.ft, effective 1 July 2024. It was Rs 1344 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:

Chennai

Zone

Mepur

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1480 /sq.ft.
From 1-4-2023 ₹1344 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹900 /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.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 Sai Nagar

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Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar, located in Mepur village under the Kunrathur SRO, is Rs 1,480 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Sai Nagar has changed

Over the years, the guideline value of Sri Sai Nagar has seen significant changes. The 2017 revision set the value at Rs 900 per sq.ft, which increased to Rs 1,344 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision shows a further increase of 10%, bringing the value to Rs 1,480 per sq.ft.

From the 2017 revision to the 2024 revision, the overall increase in guideline value is 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mepur

In Mepur, there are 22 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,955 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Sri Sai Nagar is above this median.

Stamp duty and registration fee for property in Sri Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,480 per sq.ft, the total guideline value would be Rs 14,80,000. The stamp duty at 7% would amount to Rs 1,03,600, and the registration fee at 2% would be Rs 29,600. Together, these fees total Rs 1,33,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Nagar?

The Sub Registrar Office that covers Sri Sai Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mepur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 1,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2017 to Rs 1,344 per sq.ft in 2023, and further to Rs 1,480 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Mepur and their guideline values?

Other streets in Mepur include Sri Srinivasa Co-op Nagar and Sri Srinivasa Nagar, both at Rs 770 per sq.ft, and Srinivasa Nagar at Rs 550 per sq.ft, among others. The guideline values for these streets vary from Rs 550 to Rs 2,955 per sq.ft.

What fees are associated with buying property in Sri Sai Nagar?

When buying property in Sri Sai Nagar, buyers must pay stamp duty at 7% of the guideline value and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,33,200.

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

The Sub Registrar Office for Sri Sai Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registrations for properties in the area.