Guideline Value

Corporate

Guideline Value for SRI SAI NAGAR

₹3600/sq.ft.

The guideline value for Sri Sai Nagar in Srinivasapuram village (Kunrathur SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3284 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Srinivasapuram

Village

Kunrathur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3284 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2200 /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 Srinivasapuram village under the Kunrathur SRO, is Rs 3,600 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Sri Sai Nagar has changed

The guideline value for Sri Sai Nagar has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 2,200 per sq.ft. This increased to Rs 3,284 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,600 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 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 Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,550 to Rs 7,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, positioning Sri Sai Nagar's 2024 figure above this median. Below are other streets in Srinivasapuram with their respective guideline values:

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 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our 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. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Srinivasapuram, as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must reference the current guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. The stamp duty is calculated based on this value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Sai Nagar?

The current guideline value for Sri Sai Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,200 per sq.ft to Rs 3,600 per sq.ft, which is an overall increase of 64% over the period.

What were the guideline values in previous years?

The guideline values for Sri Sai Nagar were Rs 2,200 per sq.ft in 2017, Rs 3,284 per sq.ft in 2023, and Rs 3,600 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

How is stamp duty calculated for properties in Sri Sai Nagar?

Stamp duty for properties in Sri Sai Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000.

Which office do I need to visit for property registration in Sri Sai Nagar?

The Kunrathur Sub Registrar Office is responsible for property registration in Sri Sai Nagar. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.