Guideline Value

Corporate

Guideline Value for Sri Iyyappan Nagar

₹1550/sq.ft.

The guideline value for Sri Iyyappan Nagar in Srinivasapuram village (Kunrathur SRO, Chennai zone) is Rs 1550 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Srinivasapuram

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1550 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹39 /sq.ft.
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 Iyyappan Nagar

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Sri Iyyappan Nagar guideline value

The current guideline value of Sri Iyyappan Nagar, located in Srinivasapuram village under the Kunrathur SRO, is Rs 1,550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Iyyappan Nagar has changed

The guideline value for Sri Iyyappan Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 39 per sq.ft, which increased to Rs 250 per sq.ft in 2007, marking a substantial rise of 541%. This was followed by a dramatic increase to Rs 1,400 per sq.ft in 2012, representing a 460% jump. However, in 2017, the value decreased to Rs 938 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 1,400 per sq.ft in 2023, before reaching the current figure of Rs 1,550 per sq.ft in 2024, an increase of 11%.

Overall, from 2003 to 2024, the guideline value has increased by 3874%. The register does not provide a figure for the year 2002 for this street.

Guideline values in Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO with a guideline value for 2024 ranging from Rs 1,550 to Rs 7,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Sri Iyyappan Nagar is below this median.

Stamp duty and registration fee for property in Sri Iyyappan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty, calculated at 7%, would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total fees to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Iyyappan Nagar?

The Sub Registrar Office covering Sri Iyyappan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Srinivasapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property transactions.

When a property is sold, the guideline value is used to calculate applicable fees, such as stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Iyyappan Nagar?

The current guideline value of Sri Iyyappan Nagar is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 39 per sq.ft in 2003 to Rs 1,550 per sq.ft in 2024, reflecting an overall increase of 3874% over the years.

What is the stamp duty for property in Sri Iyyappan Nagar?

The stamp duty for property in Sri Iyyappan Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Iyyappan Nagar?

The Sub Registrar Office for Sri Iyyappan Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the guideline values of other streets in Srinivasapuram?

Other streets in Srinivasapuram have varying guideline values, with rates ranging from Rs 1,550 to Rs 7,400 per sq.ft. For example, Sri Kamatchi Amman Nagar I & II is Rs 2,000 per sq.ft, while Sri Sai Nagar is Rs 3,600 per sq.ft.