Guideline Value

Corporate

Guideline Value for Sri Chakra Nagar Part V

₹2200/sq.ft.

The guideline value for Sri Chakra Nagar Part V in Mangadu -a village (Kunrathur SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 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

Mangadu -a

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /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 Sri Chakra Nagar Part V

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Sri Chakra Nagar Part V guideline value

The current guideline value for Sri Chakra Nagar Part V is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Chakra Nagar Part V has changed

Over the years, the guideline value of Sri Chakra Nagar Part V has seen significant changes. The 2017 revision recorded a value of Rs 1,340 per sq.ft. This was followed by a substantial increase to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, which represents a 10% increase from the previous year.

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

Guideline values in Mangadu -A

Mangadu -A comprises 208 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Sri Chakra Nagar Part V above this median at Rs 2,200 per sq.ft.

Stamp duty and registration fee for property in Sri Chakra Nagar Part V

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee, at 2%, would be Rs 44,000. Therefore, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Chakra Nagar Part V?

The Sub Registrar Office that covers Sri Chakra Nagar Part V 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 Mangadu -A

When buying or selling property in Mangadu -A, the guideline value plays a crucial role in the registration process. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the financial obligations during the transaction. Ensuring that you are aware of the current guideline value can help in making informed decisions when engaging in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Chakra Nagar Part V?

The current guideline value of Sri Chakra Nagar Part V is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. This represents an overall increase of 64% over this period.

What are the other streets in Mangadu -A with similar guideline values?

Other streets in Mangadu -A with similar guideline values include Sri Chakra Nagar Part II, Sri Chakra Nagar Part VI, and Sri Chakra Nagar Ist Road to 25th Road, all at Rs 2,200 per sq.ft in 2024.

What is the registration fee for property in Sri Chakra Nagar Part V?

The registration fee for property in Sri Chakra Nagar Part V is calculated at 2% of the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. For additional information, you can use the find your SRO link.