Guideline Value

Corporate

Guideline Value for Sri Natarajan Nagar

₹3520/sq.ft.

The guideline value for Sri Natarajan Nagar in Madanandapuram 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

Madanandapuram

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 ₹1388 /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 Natarajan Nagar

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Sri Natarajan Nagar guideline value

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

How the guideline value of Sri Natarajan Nagar has changed

Over the years, the guideline value of Sri Natarajan Nagar has seen several revisions. The earliest recorded revision in 2007 set the guideline value at Rs 1,388 per sq.ft. This figure increased significantly to Rs 3,200 per sq.ft in 2012, marking a 131% rise. However, it then decreased to Rs 2,144 per sq.ft in 2017, which represented a 33% decline. The subsequent revision in 2023 brought the value up to Rs 3,200 per sq.ft, a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 154%.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft, with the median being Rs 3,520 per sq.ft. Sri Natarajan Nagar's 2024 figure aligns perfectly with this median.

Stamp duty and registration fee for property in Sri Natarajan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400. Together, the total cost would be Rs 3,16,800. It is essential 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 Natarajan Nagar?

The Sub Registrar Office that covers Sri Natarajan 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 Madanandapuram

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

When a property is sold, the guideline value is used to determine the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and consistent across the region.

Frequently asked questions

What is the current guideline value of Sri Natarajan Nagar?

The current guideline value of Sri Natarajan Nagar 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 from Rs 1,388 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 154% over this period.

What are the stamp duty and registration fees for property in Sri Natarajan Nagar?

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 is responsible for Sri Natarajan Nagar?

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

What is the land classification of Sri Natarajan Nagar?

Sri Natarajan Nagar is classified as Residential Special Type - II under the land classification system in Tamil Nadu.