Guideline Value

Corporate

Guideline Value for Sri Kannan Nagar

₹720/sq.ft.

The guideline value for Sri Kannan Nagar in Serapanancheri village (Padappai SRO, Chennai zone) is Rs 720 per sq.ft, effective 1 July 2024. It was Rs 650 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

Serapanancheri

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹720 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹650 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Kannan Nagar

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Sri Kannan Nagar guideline value

The current guideline value of Sri Kannan Nagar, located in Serapanancheri village under the Padappai SRO, is Rs 720 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Kannan Nagar has changed

The guideline value for Sri Kannan Nagar has seen several revisions over the years. The 2012 revision recorded a value of Rs 650 per sq.ft, which then decreased to Rs 435 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 650 per sq.ft in the 2023 revision, and then rose again to Rs 720 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The changes between the revisions are as follows: from 2017 to 2023, there was a 49% increase, while the transition from 2012 to 2017 saw a decrease of 33%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO that have a guideline value figure for 2024, ranging from Rs 440 to Rs 4,440 per sq.ft. The median guideline value for these streets is Rs 720 per sq.ft, which aligns with the current guideline value of Sri Kannan Nagar.

Stamp duty and registration fee for property in Sri Kannan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees together to Rs 64,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kannan Nagar?

The Sub Registrar Office that covers Sri Kannan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Serapanancheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in real estate dealings.

Frequently asked questions

What is the current guideline value of Sri Kannan Nagar?

The current guideline value of Sri Kannan Nagar is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then increased to Rs 650 per sq.ft in 2023, and finally to Rs 720 per sq.ft in 2024.

What is the land classification of Sri Kannan Nagar?

Sri Kannan Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Padappai Sub Registrar Office?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated in Sri Kannan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 50,400 at a rate of 7%.