Guideline Value

Corporate

Guideline Value for SRI SAIRAM NAGAR

₹330/sq.ft.

The guideline value for Sri Sairam Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹84 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹74 /sq.ft.
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 Sairam Nagar

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Sri Sairam Nagar guideline value

The current guideline value of Sri Sairam Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Sairam Nagar has changed

The guideline value for Sri Sairam Nagar has undergone several revisions over the years. In 2002, the value was Rs 74 per sq.ft, which increased to Rs 84 per sq.ft in 2003, marking a 14% rise. The value further rose to Rs 100 per sq.ft in 2007, a significant increase of 19%. By 2012, the value was Rs 300 per sq.ft, reflecting a 200% increase from the previous revision. However, in 2017, it dropped to Rs 201 per sq.ft, showing a decrease of 33%. The value then increased to Rs 300 per sq.ft in 2023, before reaching the current value of Rs 330 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 346%. There are no figures available for any other revisions for this street in the register.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft, with a median value of Rs 330 per sq.ft. The guideline value of Sri Sairam Nagar aligns with this median.

Stamp duty and registration fee for property in Sri Sairam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sairam Nagar?

The Sub Registrar Office that covers Sri Sairam Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nanthiambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sairam Nagar?

The current guideline value of Sri Sairam Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 74 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, showing an overall increase of 346% over this period.

What are the other streets in Nanthiambakkam with the same guideline value?

Several other streets in Nanthiambakkam also have a guideline value of Rs 330 per sq.ft in 2024, including Sri Saravana Avenue, Sri Rudhra Nagar, Sri Venkatapuram, Sri Padmavathi Devi Nagar, Sri Nagar, and Sri Muthukumaraswamy Nagar.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a 1,000 sq.ft plot at Rs 330 per sq.ft, the total fees would amount to Rs 29,700.

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

The Thiruvottiyur Sub Registrar Office covers Sri Sairam Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO through the provided link.