Guideline Value

Corporate

Guideline Value for Shanthi Nagar

₹870/sq.ft.

The guideline value for Shanthi Nagar in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 870 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹870 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Shanthi Nagar

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Shanthi Nagar guideline value

The current guideline value of Shanthi Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 870 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Class III Type - III.

How the guideline value of Shanthi Nagar has changed

Over the years, the guideline value of Shanthi Nagar has undergone several revisions. The 2012 revision recorded a value of Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the guideline value increased significantly to Rs 800 per sq.ft in 2023, and most recently, it rose to Rs 870 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a modest increase of 9%. Notably, the 2023 to 2024 revision saw a 9% increase, while the 2017 to 2023 period experienced a substantial 49% rise. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value per sq.ft is Rs 870, which is the same as the current value for Shanthi Nagar.

Stamp duty and registration fee for property in Shanthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 870 per sq.ft, the guideline value totals Rs 8,70,000. The stamp duty, charged at 7%, amounts to Rs 60,900, while the registration fee at 2% is Rs 17,400. Together, the total cost for stamp duty and registration fees is Rs 78,300. 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 further calculations.

Which Sub Registrar Office covers Shanthi Nagar?

The Sub Registrar Office that covers Shanthi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To learn more about your specific office, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kovilpathagai. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold or purchased, the guideline value serves as a benchmark for the minimum value of the property for tax purposes. This means that the stamp duty is calculated based on either the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shanthi Nagar?

The current guideline value of Shanthi Nagar is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally reaching Rs 870 per sq.ft in 2024.

What is the land classification for Shanthi Nagar?

Shanthi Nagar is classified as Residential Class III Type - III, which indicates its designation for residential use within the area.

What are the stamp duty rates applicable in Shanthi Nagar?

The stamp duty rate applicable in Shanthi Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Which office handles registrations for Shanthi Nagar?

The Ambattur Sub Registrar Office is responsible for handling registrations for Shanthi Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.