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Guideline Value

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Guideline Value for Sakthi Nagar Main Road (from ICICI Bank to Park)

₹6380/sq.ft.

The guideline value for Sakthi Nagar Main Road (from Icici Bank To Park) in Porur village (Kunrathur SRO, Chennai zone) is Rs 6380 per sq.ft, effective 1 July 2024. It was Rs 5800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6380 /sq.ft.
From 1-4-2023 ₹5800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3886 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5800 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Sakthi Nagar Main Road (from Icici Bank To Park)

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Sakthi Nagar Main Road (from ICICI Bank to Park) guideline value

The current guideline value of Sakthi Nagar Main Road (from ICICI Bank to Park) is Rs 6,380 per sq.ft, effective from 1 July 2024. This road is located in Porur village under the Kunrathur SRO, classified as Commercial Class I Type - I.

How the guideline value of Sakthi Nagar Main Road (from ICICI Bank to Park) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the guideline value was Rs 5,800 per sq.ft. It then decreased to Rs 3,886 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, it saw a significant increase of 49%, bringing the value up to Rs 5,800 per sq.ft. The most recent revision in 2024 set the value at Rs 6,380 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, placing Sakthi Nagar Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Sakthi Nagar Main Road (from ICICI Bank to Park)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value would be Rs 63,80,000. The stamp duty at 7% would amount to Rs 4,46,600, and the registration fee at 2% would be Rs 1,27,600, totaling Rs 5,74,200. It is important to note that 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 Sakthi Nagar Main Road (from ICICI Bank to Park)?

The Sub Registrar Office that covers Sakthi Nagar Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Porur. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations and to accurately assess transaction costs.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sakthi Nagar Main Road?

The current guideline value of Sakthi Nagar Main Road (from ICICI Bank to Park) is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,800 per sq.ft in 2012 to Rs 3,886 per sq.ft in 2017, then to Rs 5,800 per sq.ft in 2023, and finally to Rs 6,380 per sq.ft in 2024.

What is the land classification of Sakthi Nagar Main Road?

Sakthi Nagar Main Road is classified as Commercial Class I Type - I.

Where can I find the registration office for properties in Sakthi Nagar?

The registration office for properties in Sakthi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sakthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 63,80,000, the stamp duty would be Rs 4,46,600 at 7%.