Guideline Value

Corporate

Guideline Value for SRINIVASAPURAM PHASE IIII

₹400/sq.ft.

The guideline value for Srinivasapuram Phase Iiii in Naalur village (Ponneri SRO, Chennai zone) is Rs 400 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

Naalur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /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 Srinivasapuram Phase Iiii

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Srinivasapuram Phase Iiii guideline value

The current guideline value of Srinivasapuram Phase Iiii is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Naalur village and falls under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Srinivasapuram Phase Iiii has changed

The guideline value for Srinivasapuram Phase Iiii has seen several revisions over the years. The earliest recorded figure was Rs 300 per sq.ft in 2012, which changed to Rs 268 per sq.ft in 2017. Following this, the value increased to Rs 400 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 11%, but from 2017 to 2023, the value increased significantly by 49%. Overall, comparing the figures from 2012 to 2024, there has been an increase of 33%, with the current figure of Rs 400 per sq.ft being the same as that in the previous two revisions.

Guideline values in Naalur

In Naalur, there are 23 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with the median being Rs 400 per sq.ft. Srinivasapuram Phase Iiii's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in Srinivasapuram Phase Iiii

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasapuram Phase Iiii?

The Sub Registrar Office that covers Srinivasapuram Phase Iiii is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for additional information.

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

The guideline value plays a crucial role during property registration in Naalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the overall transaction costs. The registration process relies on this value to establish the legal standing of the property and its ownership.

Frequently asked questions

What is the current guideline value of Srinivasapuram Phase Iiii?

The current guideline value of Srinivasapuram Phase Iiii is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then increased to Rs 400 per sq.ft in both 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the other streets in Naalur with their guideline values?

Other streets in Naalur include Sri Raman Nagar, Sri Sai Nagar, Sri Jayalakshmi Nagar, and Sri Vaidheeswarar Nagar, all at Rs 400 per sq.ft in 2024, along with Sandhya Nagar and Vadivudai Amman Nagar at Rs 500 per sq.ft.

How is stamp duty calculated for properties in Srinivasapuram Phase Iiii?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at 7%, and the registration fee would be Rs 8,000 at 2%.

Where can I find the Sub Registrar Office for Srinivasapuram Phase Iiii?

The Sub Registrar Office covering Srinivasapuram Phase Iiii is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.