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Guideline Value

Corporate

Guideline Value for Sri Kamatchi Amman Nagar I & II

₹2000/sq.ft.

The guideline value for Sri Kamatchi Amman Nagar I & Ii in Srinivasapuram village (Kunrathur SRO, Chennai zone) is Rs 2000 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Srinivasapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2000 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Kamatchi Amman Nagar I & Ii

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Sri Kamatchi Amman Nagar I & II guideline value

The current guideline value of Sri Kamatchi Amman Nagar I & II is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is located in Srinivasapuram village under the Kunrathur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Sri Kamatchi Amman Nagar I & II has changed

The guideline value for Sri Kamatchi Amman Nagar I & II has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 1,206 per sq.ft. The 2023 revision saw a significant increase to Rs 1,800 per sq.ft, followed by the current value of Rs 2,000 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 7,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the current value of Sri Kamatchi Amman Nagar I & II above that median.

Stamp duty and registration fee for property in Sri Kamatchi Amman Nagar I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. It is important 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 Kamatchi Amman Nagar I & II?

The Sub Registrar Office that covers Sri Kamatchi Amman Nagar I & II 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 Srinivasapuram

The guideline value is a crucial factor when buying or selling property in Srinivasapuram, as it determines the amount of stamp duty and registration fees payable during the transaction. Buyers should be aware that the guideline value is set by the Registration Department and reflects the official value of the property.

When registering a property, the guideline value is used to assess the applicable fees. It is essential for buyers and sellers to understand this value to ensure compliance with local regulations and avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value of Sri Kamatchi Amman Nagar I & II?

The current guideline value of Sri Kamatchi Amman Nagar I & II is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 2,000 per sq.ft in 2024.

What is the land classification for Sri Kamatchi Amman Nagar I & II?

The land classification for Sri Kamatchi Amman Nagar I & II is Residential Special Type - I.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Sri Kamatchi Amman Nagar I & II is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Kamatchi Amman Nagar I & II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.