Guideline Value

Corporate

Guideline Value for SRIRAM NAGAR

₹1930/sq.ft.

The guideline value for Sriram Nagar in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1930 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1930 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹167 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹131 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sriram Nagar

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Sriram Nagar guideline value

The current guideline value of Sriram Nagar, located in Karambakkam village under the Chennai South Joint I SRO, is Rs 1,930 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sriram Nagar has changed

Since the 2002 revision, the guideline value for Sriram Nagar has seen significant changes. The value started at Rs 131 per sq.ft in 2002, increased to Rs 167 per sq.ft in 2003, and then rose to Rs 350 per sq.ft in 2007. Following that, the value surged dramatically to Rs 1,750 per sq.ft in 2012, but then dropped to Rs 1,172 per sq.ft in 2017. The guideline value was Rs 1,750 per sq.ft again in 2023, before reaching the current figure of Rs 1,930 per sq.ft in 2024.

In terms of percentage changes, from 2002 to 2024, the overall increase is +1373%. Notably, the value increased by +10% from 2023 to 2024, and saw a significant rise of +49% from 2017 to 2023. However, there was a decrease of -33% from 2012 to 2017, and a remarkable increase of +400% from 2007 to 2012.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 1,930 per sq.ft, which is equal to the guideline value of Sriram Nagar.

Stamp duty and registration fee for property in Sriram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value would be Rs 19,30,000. The stamp duty at 7% would amount to Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, bringing the total to Rs 1,73,700. 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 Sriram Nagar?

The Sub Registrar Office that covers Sriram Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Karambakkam. It is used to determine the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

During the registration process, the guideline value is compared to the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions meet legal requirements.

Frequently asked questions

What is the current guideline value of Sriram Nagar?

The current guideline value of Sriram Nagar is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes from Rs 131 per sq.ft in 2002 to Rs 1,930 per sq.ft in 2024, reflecting an overall increase of +1373% over the years.

What is the land classification of Sriram Nagar?

Sriram Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty rates applicable in Sriram Nagar?

The stamp duty rate in Sriram Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sriram Nagar?

The Sub Registrar Office for Sriram Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.