Guideline Value

Corporate

Guideline Value for Sri Lakshmi Nagar

₹1200/sq.ft.

The guideline value for Sri Lakshmi Nagar in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /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 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹43 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹39 /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 Lakshmi Nagar

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Sri Lakshmi Nagar guideline value

The current guideline value of Sri Lakshmi Nagar, located in Venkatapuram village under the Kunrathur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Lakshmi Nagar has changed

Since 2002, the guideline value for Sri Lakshmi Nagar has seen significant changes. In 2002, the value was Rs 39 per sq.ft, which increased to Rs 43 per sq.ft in 2003. The value then rose dramatically to Rs 250 per sq.ft in 2007, followed by a substantial increase to Rs 1,100 per sq.ft in 2012. However, it dropped to Rs 737 per sq.ft in 2017 before climbing back to Rs 1,100 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,200 per sq.ft.

The changes between these revisions are notable. From 2002 to 2024, the overall increase is 2,977%. The increase from 2017 to 2023 was 49%, while the change from 2012 to 2017 was a decrease of 33%. The most significant rise occurred between 2007 and 2012, with an increase of 340%, and from 2003 to 2007, the value surged by 481%.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is equal to the 2024 figure for Sri Lakshmi Nagar.

Stamp duty and registration fee for property in Sri Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Nagar?

The Sub Registrar Office that covers Sri Lakshmi Nagar 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 Venkatapuram

The guideline value is an essential factor when registering a property in Venkatapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees. This means that the fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar?

The current guideline value of Sri Lakshmi Nagar is Rs 1,200 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 39 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, showing an overall increase of 2,977%.

What is the land classification for Sri Lakshmi Nagar?

The land classification for Sri Lakshmi Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Sri Lakshmi Nagar?

The Sub Registrar Office for Sri Lakshmi Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,200 per sq.ft would incur total fees of Rs 1,08,000.