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Guideline Value

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Guideline Value for Sreevari Nagar Phase - I Annex - III

₹1650/sq.ft.

The guideline value for Sreevari Nagar Phase - I Annex - Iii in Thirumazhisai village (Poonamallee SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumazhisai

Village

Poonamallee

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1650 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sreevari Nagar Phase - I Annex - Iii

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Sreevari Nagar Phase - I Annex - III guideline value

The current guideline value of Sreevari Nagar Phase - I Annex - III is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Class III Type - II.

How the guideline value of Sreevari Nagar Phase - I Annex - III has changed

The guideline value for Sreevari Nagar Phase - I Annex - III has remained consistent at Rs 1,650 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value was set at Rs 1,650 per sq.ft, which is the same as the figure from the 2023 revision, indicating no percentage change between these two years.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Sreevari Nagar Phase - I Annex - III is above this median.

Stamp duty and registration fee for property in Sreevari Nagar Phase - I Annex - III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees together Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sreevari Nagar Phase - I Annex - III?

The Sub Registrar Office that covers Sreevari Nagar Phase - I Annex - III is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumazhisai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sreevari Nagar Phase - I Annex - III?

The current guideline value of Sreevari Nagar Phase - I Annex - III is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,650 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sreevari Nagar Phase - I Annex - III?

Sreevari Nagar Phase - I Annex - III is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,48,500, which includes stamp duty and registration fees. The duty is charged on the higher of the guideline value and the sale price.

Where is the Sub Registrar Office for Sreevari Nagar Phase - I Annex - III located?

The Sub Registrar Office covering Sreevari Nagar Phase - I Annex - III is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.