Guideline Value

Corporate

Guideline Value for Sri Murugan Nagar

₹550/sq.ft.

The guideline value for Sri Murugan Nagar in Sundaracholavaram village (Kunrathur SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sundaracholavaram

Village

Kunrathur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹175 /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 Murugan Nagar

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Sri Murugan Nagar guideline value

The current guideline value of Sri Murugan Nagar, located in Sundaracholavaram village under the Kunrathur SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Murugan Nagar has changed

The guideline value for Sri Murugan Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 175 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. From 2017 to 2023, the value rose sharply by 49% to reach Rs 500 per sq.ft, and in the latest 2024 revision, it further increased by 10% to the current value of Rs 550 per sq.ft.

There are no figures available for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Sundaracholavaram

Sundaracholavaram village has 57 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Sri Murugan Nagar is below this median.

Stamp duty and registration fee for property in Sri Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Murugan Nagar?

Sri Murugan Nagar is covered by 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 Sundaracholavaram

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Sundaracholavaram, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded legally and accurately.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value reflects the government's assessment of property worth in the area, which is regularly updated to reflect market conditions.

Frequently asked questions

What is the current guideline value of Sri Murugan Nagar?

The current guideline value of Sri Murugan Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, representing an overall increase of 214% over the years.

What is the stamp duty rate for properties in Sri Murugan Nagar?

The stamp duty rate for properties in Sri Murugan Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the other streets in Sundaracholavaram with their guideline values?

Other streets in Sundaracholavaram include Sri L.K.B. Nagar Annuxe, Sri Omsakthi Nagar, Sri Rajarajeswari Nagar, Sri Deivanayagi Nagar, Sri Chakreswari Nagar, and Sri Satheswari Nagar, with guideline values ranging from Rs 660 to Rs 880 per sq.ft in 2024.