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Guideline Value

Corporate

Guideline Value for Sri Krishna Nagar Ist Avenue Extention

₹1540/sq.ft.

The guideline value for Sri Krishna Nagar Ist Avenue Extention in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /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 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 Krishna Nagar Ist Avenue Extention

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Sri Krishna Nagar Ist Avenue Extention guideline value

The current guideline value of Sri Krishna Nagar Ist Avenue Extention is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Krishna Nagar Ist Avenue Extention has changed

The guideline value for Sri Krishna Nagar Ist Avenue Extention has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, marking a substantial rise of 460%. However, the value decreased to Rs 938 per sq.ft in 2017, a drop of 33%. The 2023 revision brought the value up to Rs 1,400 per sq.ft, and the most recent revision in 2024 saw it rise again to Rs 1,540 per sq.ft, reflecting an increase of 10% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 516%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is the same as the current figure for Sri Krishna Nagar Ist Avenue Extention.

Stamp duty and registration fee for property in Sri Krishna Nagar Ist Avenue Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost for stamp duty and registration fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Krishna Nagar Ist Avenue Extention?

The Sub Registrar Office that covers Sri Krishna Nagar Ist Avenue Extention 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 Thiruverkadu

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is registered, the guideline value is considered to determine the applicable fees, which are charged based on the higher of the guideline value or the sale price. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar Ist Avenue Extention?

The current guideline value of Sri Krishna Nagar Ist Avenue Extention is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 250 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 516% over the years.

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

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office handles registrations for this street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, is responsible for registrations in Sri Krishna Nagar Ist Avenue Extention.

What is the land classification for Sri Krishna Nagar Ist Avenue Extention?

The land classification for Sri Krishna Nagar Ist Avenue Extention is Residential Class I Type - I, indicating its designation for residential use.