Guideline Value

Corporate

Guideline Value for Sri Krishna Nagar Annex

₹3520/sq.ft.

The guideline value for Sri Krishna Nagar Annex in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹243 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹219 /sq.ft.
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 Krishna Nagar Annex

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Sri Krishna Nagar Annex guideline value

The current guideline value of Sri Krishna Nagar Annex is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Porur village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sri Krishna Nagar Annex has changed

Since the 2002 revision, the guideline value for Sri Krishna Nagar Annex has seen significant changes. In 2002, the value was Rs 219 per sq.ft, which increased to Rs 243 per sq.ft in 2003. The value then rose dramatically to Rs 600 per sq.ft in 2007, followed by a substantial increase to Rs 3,200 per sq.ft in 2012. However, it decreased to Rs 2,144 per sq.ft in 2017. The value was Rs 3,200 per sq.ft in 2023, before reaching the current figure of Rs 3,520 per sq.ft in 2024.

Looking at the changes between revisions, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017, while it saw a remarkable increase of 433% from 2007 to 2012. The value rose by 147% from 2003 to 2007 and by 11% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1507%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median of Rs 3,960 per sq.ft. The guideline value for Sri Krishna Nagar Annex is below this median.

Stamp duty and registration fee for property in Sri Krishna Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400. Together, the total cost for stamp duty and registration fee would be Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Krishna Nagar Annex?

The Sub Registrar Office that covers Sri Krishna Nagar Annex is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the value of the property for taxation purposes. Buyers and sellers should be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are calculated based on the higher amount between the guideline value and the actual sale price, ensuring that the appropriate taxes are collected during the property transfer.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar Annex?

The current guideline value of Sri Krishna Nagar Annex is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 219 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 1507% over this period.

What are the stamp duty and registration fees for a property in Sri Krishna Nagar Annex?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Sri Krishna Nagar Annex?

The Kunrathur Sub Registrar Office covers Sri Krishna Nagar Annex, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is the higher of the guideline value or the sale price that is considered for these calculations.