Guideline Value for Sri Deivanayagi Nagar

Sri Deivanayagi Nagar guideline value

The current guideline value of Sri Deivanayagi Nagar, located in Sundaracholavaram village, is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Residential Class I Type - III.

How the guideline value of Sri Deivanayagi Nagar has changed

The guideline value for Sri Deivanayagi Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, this value decreased to Rs 402 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 600 per sq.ft, followed by a further increase to Rs 660 per sq.ft in 2024, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 164%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sundaracholavaram

In Sundaracholavaram, there are 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Sri Deivanayagi Nagar matches this median.

• Sri Chakreswari Nagar: Rs 770 per sq.ft (2024)
• Sri L.K.B. Nagar Annuxe: Rs 660 per sq.ft (2024)
• Sri Murugan Nagar: Rs 550 per sq.ft (2024)
• Sri Omsakthi Nagar: Rs 660 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 880 per sq.ft (2024)
• Sri Satheswari Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Deivanayagi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. 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 Deivanayagi Nagar?

The Sri Deivanayagi Nagar area 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 Sundaracholavaram

The guideline value is a critical factor during the registration of property transactions in Sundaracholavaram. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware of the current guideline value to ensure that they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Deivanayagi Nagar?

The current guideline value of Sri Deivanayagi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 164% over the years.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations for Sri Deivanayagi Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Sri Deivanayagi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Where can I find more information about guideline values in Sundaracholavaram?

More information about guideline values in Sundaracholavaram can be found through the Registration Department's guideline value register (TNReginet) or by visiting the local Sub Registrar Office.