Guideline Value

Corporate

Guideline Value for Shanthi Nagar Extn I & II

₹550/sq.ft.

The guideline value for Shanthi Nagar Extn I & Ii in Sirukalathur village (Kunrathur SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirukalathur

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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 Shanthi Nagar Extn I & Ii

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Shanthi Nagar Extn I & II guideline value

The current guideline value of Shanthi Nagar Extn I & II is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Sirukalathur village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Shanthi Nagar Extn I & II has changed

Over the years, the guideline value for Shanthi Nagar Extn I & II has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, but it decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and the latest revision in 2024 has raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change has been an increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current value of Shanthi Nagar Extn I & II.

Stamp duty and registration fee for property in Shanthi Nagar Extn I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Nagar Extn I & II?

The Sub Registrar Office that covers Shanthi Nagar Extn I & II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Sirukalathur. It serves as a benchmark for determining the minimum value for registration purposes, ensuring that properties are registered at a value that reflects the current market conditions as per the government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is compliant with legal requirements.

Frequently asked questions

What is the current guideline value of Shanthi Nagar Extn I & II?

The current guideline value of Shanthi Nagar Extn I & II is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

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

Other streets in Sirukalathur include Smart City at Rs 650 per sq.ft, Sri Badmavathi Nagar at Rs 1,000 per sq.ft, and several others, with values ranging from Rs 550 to Rs 1,000 per sq.ft.

What is the stamp duty rate for property in Shanthi Nagar Extn I & II?

The stamp duty rate for property in Shanthi Nagar Extn I & II is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Shanthi Nagar Extn I & II?

The Sub Registrar Office for Shanthi Nagar Extn I & II is located at No.59, Road Street, Kundrathur, Chennai -600 069.