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Guideline Value

Corporate

Guideline Value for SRINIVASA NAGAR (KR)

₹660/sq.ft.

The guideline value for Srinivasa Nagar (kr) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Srinivasa Nagar (kr)

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Srinivasa Nagar (Kr) guideline value

The current guideline value of Srinivasa Nagar (Kr), located in Ninna Karai village under the Chengleput Joint II SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Srinivasa Nagar (Kr) has changed

Over the years, the guideline value for Srinivasa Nagar (Kr) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 600 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for Srinivasa Nagar (Kr) for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO with a 2024 guideline value range from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing the 2024 figure for Srinivasa Nagar (Kr) below that median.

Stamp duty and registration fee for property in Srinivasa Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, these fees amount to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar (Kr)?

The Sub Registrar Office that covers Srinivasa Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO online.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that both buyers and sellers are aware of the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar (Kr)?

The current guideline value of Srinivasa Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Srinivasa Nagar (Kr)?

Srinivasa Nagar (Kr) falls under the Residential Class I Type - III land classification.

What are the other streets in Ninna Karai and their guideline values?

Other streets in Ninna Karai include Sri Maruthi Nagar (Sa) at Rs 440 per sq.ft, Sri Lakshmi Nagar (Sa) and Sri Ram Nagar (Kr) both at Rs 660 per sq.ft, Sri Krishna Nagar at Rs 990 per sq.ft, Sri Krishna 4th Street Korukanthangal (Ward -18) at Rs 660 per sq.ft, and Sri Ganapathy Garden Permanur (Ward -15) at Rs 440 per sq.ft.

How is the stamp duty calculated for property in Srinivasa Nagar (Kr)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200.