Guideline Value

Corporate

Guideline Value for SRINIVASAPURAM 3rd MAIN ROAD

₹3300/sq.ft.

The guideline value for Srinivasapuram 3rd Main Road in Korattur village (Villivakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1015 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹136 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Srinivasapuram 3rd Main Road

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

SRINIVASAPURAM 3rd MAIN ROAD guideline value

The current guideline value of SRINIVASAPURAM 3rd MAIN ROAD is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of SRINIVASAPURAM 3rd MAIN ROAD has changed

The guideline value for SRINIVASAPURAM 3rd MAIN ROAD has seen several revisions over the years. In 2002, the guideline value was Rs 136 per sq.ft, which increased significantly to Rs 1,015 per sq.ft in 2007, marking a change of +646%. This value further rose to Rs 3,000 per sq.ft in 2012, reflecting an increase of +196%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of -33%. The value then surged to Rs 3,000 per sq.ft in 2023, which was a notable increase of +49%, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision, representing a +10% change.

It is important to note that the register has no figure for SRINIVASAPURAM 3rd MAIN ROAD in 2003. Overall, from 2002 to 2024, the guideline value has increased by +2326%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, making the current value of SRINIVASAPURAM 3rd MAIN ROAD above the median.

Stamp duty and registration fee for property in SRINIVASAPURAM 3rd MAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SRINIVASAPURAM 3rd MAIN ROAD?

The Sub Registrar Office that covers SRINIVASAPURAM 3rd MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Korattur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is assessed to determine the applicable taxes. This ensures that the transaction is recorded accurately and that the necessary fees are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of SRINIVASAPURAM 3rd MAIN ROAD?

The current guideline value of SRINIVASAPURAM 3rd MAIN ROAD is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 136 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +2326% over the years.

What is the land classification for SRINIVASAPURAM 3rd MAIN ROAD?

The land classification for SRINIVASAPURAM 3rd MAIN ROAD is Residential Special Type - III.

Where can I find the registration office for this area?

The registration office for SRINIVASAPURAM 3rd MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,97,000.