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Guideline Value

Corporate

Guideline Value for SivaVishnu Nagar 3rd Street

₹2090/sq.ft.

The guideline value for Sivavishnu Nagar 3rd Street in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2090 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Sivavishnu Nagar 3rd Street

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SivaVishnu Nagar 3rd Street guideline value

The current guideline value of SivaVishnu Nagar 3rd Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, and it falls under the land classification of Mixed Special Type - II.

How the guideline value of SivaVishnu Nagar 3rd Street has changed

The guideline value for SivaVishnu Nagar 3rd Street has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,273 per sq.ft. This increased significantly to Rs 1,900 per sq.ft in the 2023 revision, marking a change of 49%. The latest revision in 2024 has set the value at Rs 2,090 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, and SivaVishnu Nagar 3rd Street's 2024 figure is above this median.

Stamp duty and registration fee for property in SivaVishnu Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, totaling Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SivaVishnu Nagar 3rd Street?

The SivaVishnu Nagar 3rd Street is covered by 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 Kunrathour-B

The guideline value is an important factor when registering property transactions in Kunrathour-B. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for all property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of SivaVishnu Nagar 3rd Street?

The current guideline value of SivaVishnu Nagar 3rd Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%. Overall, from the 2017 revision to the 2024 revision, it has increased by 64%.

Which Sub Registrar Office covers SivaVishnu Nagar 3rd Street?

The Kunrathur Sub Registrar Office covers SivaVishnu Nagar 3rd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 20,90,000, the stamp duty would be Rs 1,46,300, and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically based on various factors, including market conditions and land classification. It is essential for calculating stamp duty and registration fees during property transactions.