Guideline Value for Shanthi Nagar
₹550/sq.ft.
The guideline value for Shanthi Nagar in Chinnapanicheri 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 - Ii. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Chinnapanicheri
Village
Kunrathur
SRO
Residential Class I Type - II
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 | ₹200 /sq.ft. |
| 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]
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Shanthi Nagar guideline value
The current guideline value of Shanthi Nagar, located in Chinnapanicheri village under the Kunrathur SRO, is Rs 550 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.
How the guideline value of Shanthi Nagar has changed
The guideline value for Shanthi Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 335 per sq.ft in 2017, representing a 33% drop. By 2023, the guideline value rose again to Rs 500 per sq.ft, and in the latest revision of 2024, it increased to Rs 550 per sq.ft, reflecting a 10% increase.
From 2017 to 2023, the guideline value saw a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.
Guideline values in Chinnapanicheri
- Santha Nagar: Rs 550 per sq.ft (2024)
- Sri Enclave: Rs 800 per sq.ft (2024)
- Pudhupettai street: Rs 550 per sq.ft (2024)
- Panchatcharam Nagar Annexe: Rs 800 per sq.ft (2024)
- Panchatcharam Nagar: Rs 800 per sq.ft (2024)
- Nova Nagar: Rs 550 per sq.ft (2024)
Stamp duty and registration fee for property in Shanthi Nagar
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, totaling Rs 49,500. 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 Shanthi Nagar?
The Sub Registrar Office that covers Shanthi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Chinnapanicheri
The guideline value is a critical factor when buying or selling property in Chinnapanicheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property registration.
When a property is registered, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and reflects the prevailing rates set by the registration authorities.
Frequently asked questions
What is the current guideline value of Shanthi Nagar?
The current guideline value of Shanthi Nagar 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 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, with various increases and a decrease in between. The most notable change was a 175% increase from 2007 to 2024.
What is the land classification of Shanthi Nagar?
Shanthi Nagar falls under the land classification of Residential Class I Type - II.
What are the stamp duty and registration fees for properties in Shanthi Nagar?
The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 49,500.
Which Sub Registrar Office covers Shanthi Nagar?
The Kunrathur Sub Registrar Office covers Shanthi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.
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