Guideline Value

Corporate

Guideline Value for SRI SHANMUGA NAGAR PHASE-III

₹400/sq.ft.

The guideline value for Sri Shanmuga Nagar Phase-iii in Orathur village (Gooduvancheri SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Orathur

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Shanmuga Nagar Phase-iii

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Sri Shanmuga Nagar Phase-III guideline value

The current guideline value of Sri Shanmuga Nagar Phase-III is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Orathur village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Shanmuga Nagar Phase-III has changed

The guideline value for Sri Shanmuga Nagar Phase-III has undergone several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft. This remained unchanged until 2017, when it dropped to Rs 268 per sq.ft. However, by 2023, the value increased to Rs 400 per sq.ft again, and it has remained at that figure through the 2024 revision, showing no change from the previous year.

Looking at the changes, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows no net change, as the value has returned to Rs 400 per sq.ft, the same as it was in 2012. The register has no figure for this street for the years 2002, 2003, and 2007.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft. The median guideline value in this area is Rs 500 per sq.ft, placing Sri Shanmuga Nagar Phase-III below that median.

Stamp duty and registration fee for property in Sri Shanmuga Nagar Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 more details.

Which Sub Registrar Office covers Sri Shanmuga Nagar Phase-III?

The Sub Registrar Office that covers Sri Shanmuga Nagar Phase-III is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property registration.

When purchasing property in Orathur, it is essential to be aware of the guideline value, as this will affect the overall cost of the transaction. The guideline value serves as a benchmark for assessing property prices and ensuring that transactions are conducted fairly.

Frequently asked questions

What is the current guideline value of Sri Shanmuga Nagar Phase-III?

The current guideline value of Sri Shanmuga Nagar Phase-III is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft. The value dropped to Rs 268 per sq.ft in 2017 but increased back to Rs 400 per sq.ft by 2023.

What is the classification of land in Sri Shanmuga Nagar Phase-III?

Sri Shanmuga Nagar Phase-III is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Shanmuga Nagar Phase-III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 4,00,000, the stamp duty at 7% would be Rs 28,000.