Guideline Value

Corporate

Guideline Value for Shanthi Durga Nagar Extn

₹720/sq.ft.

The guideline value for Shanthi Durga Nagar Extn in Serapanancheri village (Padappai SRO, Chennai zone) is Rs 720 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Serapanancheri

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹720 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹650 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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]

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Shanthi Durga Nagar Extn guideline value

The current guideline value of Shanthi Durga Nagar Extn is Rs 720 per sq.ft, effective from 1 July 2024. This area is located in Serapanancheri village and falls under the Padappai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Shanthi Durga Nagar Extn has changed

Over the years, the guideline value for Shanthi Durga Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 650 per sq.ft, which was then reduced to Rs 435 per sq.ft in the 2017 revision. Following this, the value increased to Rs 650 per sq.ft in the 2023 revision, and finally, it reached Rs 720 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, or 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 represents an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,440 per sq.ft. The median value for these streets is Rs 720 per sq.ft, which is the same as the guideline value for Shanthi Durga Nagar Extn.

Stamp duty and registration fee for property in Shanthi Durga Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value would be Rs 7,20,000. The stamp duty at 7% would amount to Rs 50,400, while the registration fee at 2% would be Rs 14,400. Together, these fees total Rs 64,800. 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 detailed calculations.

Which Sub Registrar Office covers Shanthi Durga Nagar Extn?

The Sub Registrar Office that covers Shanthi Durga Nagar Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Serapanancheri. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the local regulations. This value is regularly updated, and staying informed will help in making accurate financial decisions during property transactions.

Frequently asked questions

What is the current guideline value of Shanthi Durga Nagar Extn?

The current guideline value of Shanthi Durga Nagar Extn is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 720 per sq.ft in 2024.

What is the registration office for Shanthi Durga Nagar Extn?

The registration office for Shanthi Durga Nagar Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,20,000, the stamp duty would be Rs 50,400.

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

Other streets in Serapanancheri include Shanthi Durga Nagar, Shanmuga Nagar, Shridi Saibaba Nagar, Sastha Nagar, Sri Ashwinin Nagar, and Sri Bala Garden, each with varying guideline values.