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Guideline Value

Corporate

Guideline Value for Sri Rajarajeswari Nagar Nehru Nagar

₹1430/sq.ft.

The guideline value for Sri Rajarajeswari Nagar Nehru Nagar in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 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

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /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 Rajarajeswari Nagar Nehru Nagar

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Sri Rajarajeswari Nagar Nehru Nagar guideline value

The current guideline value of Sri Rajarajeswari Nagar Nehru Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, and the land classification is Residential Special Type - II.

How the guideline value of Sri Rajarajeswari Nagar Nehru Nagar has changed

The guideline value of Sri Rajarajeswari Nagar Nehru Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 saw another increase to Rs 1,430 per sq.ft, which is a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with 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, which means that the guideline value of Sri Rajarajeswari Nagar Nehru Nagar is below the median.

Stamp duty and registration fee for property in Sri Rajarajeswari Nagar Nehru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600. Together, the total cost for stamp duty and registration would be Rs 1,28,700. 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 details.

Which Sub Registrar Office covers Sri Rajarajeswari Nagar Nehru Nagar?

The Sub Registrar Office covering Sri Rajarajeswari Nagar Nehru 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 crucial factor when buying or selling property in Kunrathour-B. It serves as a reference for determining the minimum value of a property for registration purposes, ensuring that both buyers and sellers are aware of the legal framework governing property transactions.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Rajarajeswari Nagar Nehru Nagar?

The current guideline value of Sri Rajarajeswari Nagar Nehru Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Kunrathour-B with the same guideline value?

Other streets in Kunrathour-B that share the same guideline value of Rs 1,430 per sq.ft include Sri Rajarajeswari Nagar Mullai Street, Sri Rajarajeswari Nagar Nethaji Street, Sri Rajarajeswari Nagar M.G.R. Street, Sri Rajarajeswari Nagar Sri Ram Street, and Sri Rajarajeswari Nagar Thiruvalluvar Nagar.

What is the registration fee for properties in this area?

The registration fee for properties in Sri Rajarajeswari Nagar Nehru Nagar is calculated at 2% of the guideline value. For example, if the guideline value is Rs 14,30,000, the registration fee would be Rs 28,600.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Sri Rajarajeswari Nagar Nehru Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registration activities for properties in the area.