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Guideline Value

Corporate

Guideline Value for Sri Kutty Vinayagar Nagar

₹1210/sq.ft.

The guideline value for Sri Kutty Vinayagar Nagar in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 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

Kunrathour-b

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Kutty Vinayagar Nagar

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Sri Kutty Vinayagar Nagar guideline value

The current guideline value of Sri Kutty Vinayagar Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Kutty Vinayagar Nagar has changed

The guideline value for Sri Kutty Vinayagar Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 737 per sq.ft. This increased to Rs 1,100 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, indicating that the 2024 value for Sri Kutty Vinayagar Nagar is below this median.

Stamp duty and registration fee for property in Sri Kutty Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. 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 further calculations.

Which Sub Registrar Office covers Sri Kutty Vinayagar Nagar?

The Sub Registrar Office that covers Sri Kutty Vinayagar 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 Kunrathour-B

The guideline value is a critical factor in property transactions in Kunrathour-B, as it determines the stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware that the guideline value serves as a benchmark for the minimum value at which properties can be registered.

When a property is sold, the registration office uses the guideline value to calculate the applicable taxes. If the sale price exceeds the guideline value, the duty is charged based on the sale price instead.

Frequently asked questions

What is the current guideline value for Sri Kutty Vinayagar Nagar?

The current guideline value for Sri Kutty Vinayagar Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, which indicates that the guideline value for Sri Kutty Vinayagar Nagar is below this median.

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

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,900 based on the current guideline value.

Which office handles property registration for Sri Kutty Vinayagar Nagar?

The Kunrathur Sub Registrar Office handles property registration for Sri Kutty Vinayagar Nagar. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.