Guideline Value

Corporate

Guideline Value for SRINIVASAN NAGAR

₹300/sq.ft.

The guideline value for Srinivasan Nagar in Anupampattu village (Ponneri SRO, Chennai zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Anupampattu

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Srinivasan Nagar

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Srinivasan Nagar guideline value

The current guideline value of Srinivasan Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Srinivasan Nagar has changed

The guideline value for Srinivasan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2024 revision has also maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Anupampattu

Anupampattu village has a total of 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is the same as the guideline value for Srinivasan Nagar.

Stamp duty and registration fee for property in Srinivasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, which is Rs 21,000, and the registration fee is at 2%, amounting to Rs 6,000. Therefore, the total cost for stamp duty and registration fee together is Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Srinivasan Nagar?

The Sub Registrar Office that covers Srinivasan Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Anupampattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair rate as per government regulations.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Srinivasan Nagar?

The current guideline value of Srinivasan Nagar is Rs 300 per sq.ft, effective from the 2024 revision starting 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in 2024 and 2023. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the land classification for Srinivasan Nagar?

The land classification for Srinivasan Nagar is Residential Class II Type - I, indicating its suitability for residential purposes.

What are the other streets in Anupampattu with the same guideline value?

Other streets in Anupampattu that share the same guideline value of Rs 300 per sq.ft include Sri Padmavathi Nagar, Sri Mehar Baba Nagar, Sri Kamatchi Nagar, Sri Kamatchi Amman Nagar, Sri Sankara Nagar, and Sri Selliamman Nagar Ext.

How is the stamp duty calculated for properties in Srinivasan Nagar?

The stamp duty for properties in Srinivasan Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.