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Guideline Value

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Guideline Value for Sri Gayathiri Doctor's Enclave

₹880/sq.ft.

The guideline value for Sri Gayathiri Doctor's Enclave in Malayambakkam village (Kunrathur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malayambakkam

Village

Kunrathur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /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 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 Gayathiri Doctor's Enclave

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Sri Gayathiri Doctor's Enclave guideline value

The current guideline value of Sri Gayathiri Doctor's Enclave is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Malayambakkam village under the Kunrathur SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Gayathiri Doctor's Enclave has changed

The guideline value for Sri Gayathiri Doctor's Enclave has undergone several revisions since 2012. In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure decreased to Rs 402 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase, with the value rising to Rs 800 per sq.ft. The most recent revision in 2024 saw the guideline value increase to Rs 880 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 47%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Sri Gayathiri Doctor's Enclave's value below that median.

Stamp duty and registration fee for property in Sri Gayathiri Doctor's Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Gayathiri Doctor's Enclave?

The Sub Registrar Office that covers Sri Gayathiri Doctor's Enclave 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 Malayambakkam

The guideline value is a critical factor in property transactions in Malayambakkam, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they comply with local regulations and avoid any potential penalties.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the property is not undervalued, which could lead to a loss of revenue for the state.

Frequently asked questions

What is the current guideline value of Sri Gayathiri Doctor's Enclave?

The current guideline value of Sri Gayathiri Doctor's Enclave is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 880 per sq.ft in 2024, with significant changes in between, including a rise to Rs 800 per sq.ft in 2023.

What is the median guideline value for streets in Malayambakkam?

The median guideline value for streets in Malayambakkam is Rs 935 per sq.ft, while Sri Gayathiri Doctor's Enclave's value is below this median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 79,200.

Which office should I visit for registration?

The Kunrathur Sub Registrar Office covers Sri Gayathiri Doctor's Enclave, located at No.59, Road Street, Kundrathur, Chennai -600 069.