Guideline Value

Corporate

Guideline Value for SRINIVASA NAGAR

₹485/sq.ft.

The guideline value for Srinivasa Nagar in Vichoor_b village (Thiruvottiyur SRO, Chennai zone) is Rs 485 per sq.ft, effective 1 July 2024. It was Rs 441 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vichoor_b

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹485 /sq.ft.
From 1-4-2023 ₹441 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹295 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

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 Srinivasa Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor_B village under the Thiruvottiyur Sub Registrar Office (SRO), classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar has changed

The guideline value for Srinivasa Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 485 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 441 per sq.ft. Prior to that, in 2017, the guideline value was Rs 295 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and an overall increase of 64% from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Vichoor_B

In Vichoor_B village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, which matches the guideline value of Srinivasa Nagar.

Stamp duty and registration fee for property in Srinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 485 per sq.ft, the total guideline value amounts to Rs 4,85,000. The stamp duty charged at 7% would be Rs 33,950, while the registration fee at 2% would be Rs 9,700. Together, the total cost for stamp duty and registration would be Rs 43,650. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vichoor_B. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded accurately, reflecting the current market conditions as set by the Registration Department. This helps maintain transparency in property dealings and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 295 per sq.ft to Rs 485 per sq.ft in 2024, marking an overall increase of 64%. The most recent change was a 10% increase from Rs 441 per sq.ft in 2023.

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

For a property valued at Rs 4,85,000, the stamp duty at 7% would be Rs 33,950, and the registration fee at 2% would be Rs 9,700, totaling Rs 43,650 for both fees.

Where is the Sub Registrar Office located for Srinivasa Nagar?

The Sub Registrar Office covering Srinivasa Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for property registration, determining the minimum value at which a property can be registered. It is also essential for calculating the stamp duty and registration fees during property transactions.