Guideline Value

Corporate

Guideline Value for Sri Devi Nagar

₹650/sq.ft.

The guideline value for Sri Devi Nagar in Moonramkattalai village (Kunrathur SRO, Chennai zone) is Rs 650 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moonramkattalai

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹650 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
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 Devi Nagar

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Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar, located in Moonramkattalai village under the Kunrathur SRO, is Rs 650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Devi Nagar has changed

Over the years, the guideline value of Sri Devi Nagar has seen several revisions. The 2007 revision set the value at Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in the 2017 revision. The value then rose significantly to Rs 600 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 650 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, there was a notable increase of 140%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023. The overall increase from 2007 to 2024 stands at 160%.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft. The median value is Rs 650 per sq.ft, which aligns with the 2024 figure for Sri Devi Nagar. Below are the guideline values for other streets in Moonramkattalai:

Stamp duty and registration fee for property in Sri Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total to Rs 58,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Nagar?

The Sub Registrar Office covering Sri Devi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Moonramkattalai. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is considered to ensure that the sale price is in line with the established values. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 650 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 650 per sq.ft in 2024, reflecting an overall increase of 160% over this period.

What are the other streets with the same guideline value in Moonramkattalai?

Other streets in Moonramkattalai with the same guideline value of Rs 650 per sq.ft include Sri Devi Karumari Amman Nagar, Sivasakthi Nagar, Sivan Koil Street, Sri Saravana Nagar, Sri Saravana Nagar IIIrd Street, and Sri Saravana Nagar Iind Street.

What is the stamp duty rate for properties in Sri Devi Nagar?

The stamp duty rate for properties in Sri Devi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it handles the registration of properties in Sri Devi Nagar.