Guideline Value

Corporate

Guideline Value for Sri Chakra Nagar

₹300/sq.ft.

The guideline value for Sri Chakra Nagar in Kudapakkam village (Avadi SRO, Chennai zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kudapakkam

Village

Avadi

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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]

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Sri Chakra Nagar guideline value

The current guideline value of Sri Chakra Nagar, located in Kudapakkam village under the Avadi SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Sri Chakra Nagar has changed

The guideline value for Sri Chakra Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision, where it was also Rs 300 per sq.ft. However, the 2017 revision saw a significant increase of 49% from the previous 2012 figure of Rs 201 per sq.ft. The 2023 revision also maintained the value at Rs 300 per sq.ft, and the 2024 revision continues this trend with the same figure, resulting in no percentage change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no net change.

Guideline values in Kudapakkam

In Kudapakkam, there are 12 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 234 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 425 per sq.ft, placing Sri Chakra Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Sri Chakra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Chakra Nagar?

The Sub Registrar Office that covers Sri Chakra Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kudapakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Chakra Nagar?

The current guideline value of Sri Chakra Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 201 per sq.ft in 2017. The value did not change from 2023 to 2024.

What is the registration office for Sri Chakra Nagar?

The Avadi Sub Registrar Office covers Sri Chakra Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for properties in Sri Chakra Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for property transactions. It is essential for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.