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Guideline Value

Corporate

Guideline Value for Sri Ambal Nagar Annex Extension

₹1650/sq.ft.

The guideline value for Sri Ambal Nagar Annex Extension in Kovur village (Kunrathur SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹90 /sq.ft.
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 Sri Ambal Nagar Annex Extension

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Sri Ambal Nagar Annex Extension guideline value

The current guideline value of Sri Ambal Nagar Annex Extension is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kovur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Ambal Nagar Annex Extension has changed

The guideline value for Sri Ambal Nagar Annex Extension has seen several revisions over the years. Starting from Rs 90 per sq.ft in 2003, it increased significantly to Rs 250 per sq.ft in 2007, followed by a substantial jump to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,650 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 was 10%. Notably, the overall increase from 2003 to 2024 is a remarkable 1733%. The register has no figure for this street in 2002.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Sri Ambal Nagar Annex Extension aligns with this median.

Stamp duty and registration fee for property in Sri Ambal Nagar Annex Extension

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

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Ambal Nagar Annex Extension?

The Sub Registrar Office covering Sri Ambal Nagar Annex Extension 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 Kovur

The guideline value is a crucial factor in the registration process when buying or selling property in Kovur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar Annex Extension?

The current guideline value of Sri Ambal Nagar Annex Extension 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 changed several times, starting from Rs 90 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Sri Ambal Nagar Annex Extension?

The registration office for Sri Ambal Nagar Annex Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sri Ambal Nagar Annex Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What is the land classification for Sri Ambal Nagar Annex Extension?

Sri Ambal Nagar Annex Extension is classified as Residential Special Type - I, which indicates its suitability for residential development.