Guideline Value for SRI THIRUVUDAIAMMAN NAGAR

Sri Thiruvudaiamman Nagar guideline value

The current guideline value of Sri Thiruvudaiamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Minjur village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Thiruvudaiamman Nagar has changed

The guideline value for Sri Thiruvudaiamman Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Minjur

In Minjur village, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value is Rs 550 per sq.ft, making the guideline value of Sri Thiruvudaiamman Nagar equal to this median.

• Sri Venkateshwara Avenue: Rs 440 per sq.ft (2024)
• Srinivasa Nagar: Rs 550 per sq.ft (2024)
• Sri Murali Nagar: Rs 880 per sq.ft (2024)
• Surakkai Swami Street: Rs 550 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 550 per sq.ft (2024)
• Surya Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thiruvudaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Thiruvudaiamman Nagar?

The Sub Registrar Office that covers Sri Thiruvudaiamman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to assess the applicable charges, ensuring that the transaction is documented accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Thiruvudaiamman Nagar?

The current guideline value of Sri Thiruvudaiamman 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 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the other streets in Minjur with their guideline values?

Other streets in Minjur include Sri Venkateshwara Avenue at Rs 440 per sq.ft, Srinivasa Nagar and Surakkai Swami Street at Rs 550 per sq.ft, Sri Murali Nagar at Rs 880 per sq.ft, Sri Kumaran Nagar at Rs 550 per sq.ft, and Surya Nagar at Rs 440 per sq.ft.

What are the stamp duty and registration fees for property in Sri Thiruvudaiamman Nagar?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Sri Thiruvudaiamman Nagar?

The Ponneri Sub Registrar Office handles property registrations for Sri Thiruvudaiamman Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.