Guideline Value for SRINIVASA NAGAR
₹103/sq.ft.
The guideline value for Srinivasa Nagar in Veeranakunnam village (Madurandakam SRO, Chengalpattu zone) is Rs 103 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 3% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Veeranakunnam
Village
Madurandakam
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹103 /sq.ft. |
| From 1-4-2023 | ₹100 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹67 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹100 /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)
No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Srinivasa Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Madurandakam sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Srinivasa Nagar guideline value
The current guideline value of Srinivasa Nagar, located in Veeranakunnam village under the Madurandakam SRO, is Rs 103 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.
How the guideline value of Srinivasa Nagar has changed
The guideline value of Srinivasa Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 67 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 100 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 103 per sq.ft, marking a 3% rise from the previous year.
There are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 3%.
Guideline values in Veeranakunnam
- Srinivasa Nagar Phase-I: Rs 103 per sq.ft (2024)
- Sri Sai Baba Nagar: Rs 103 per sq.ft (2024)
- Teachers Avenue: Rs 102 per sq.ft (2024)
- Sai Sakthi Garden: Rs 103 per sq.ft (2024)
- Royal Nagar: Rs 100 per sq.ft (2024)
- Real Value Developer In Royal Nagar: Rs 100 per sq.ft (2024)
Stamp duty and registration fee for property in Srinivasa Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total to Rs 9,270. It is important to note that the 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?
The Sub Registrar Office that covers Srinivasa Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Veeranakunnam
The guideline value plays a crucial role when buying or selling property in Veeranakunnam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged based on the higher of the two.
When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This ensures compliance with local regulations and helps avoid any potential legal issues during the transaction.
Frequently asked questions
What is the current guideline value of Srinivasa Nagar?
The current guideline value of Srinivasa Nagar is Rs 103 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.
What is the land classification of Srinivasa Nagar?
Srinivasa Nagar is classified as Residential Special Type - I.
What are the stamp duty and registration fees for a property in Srinivasa Nagar?
For a 1,000 sq.ft plot, the total guideline value is Rs 1,03,000, with stamp duty of Rs 7,210 and registration fees of Rs 2,060, totaling Rs 9,270.
Which office handles property registrations for Srinivasa Nagar?
The Madurandakam Sub Registrar Office handles property registrations for Srinivasa Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.
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