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Guideline Value

Corporate

Guideline Value for Sri Rajarajeswari Nagar Sri Ram Street

₹1430/sq.ft.

The guideline value for Sri Rajarajeswari Nagar Sri Ram Street 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 Sri Ram Street

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Sri Rajarajeswari Nagar Sri Ram Street guideline value

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

How the guideline value of Sri Rajarajeswari Nagar Sri Ram Street has changed

The guideline value for Sri Rajarajeswari Nagar Sri Ram Street has seen several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which was then increased to Rs 1,300 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,430 per sq.ft, marking a significant increase of 64% from the 2017 figure.

From 2023 to 2024, the guideline value increased by 10%. The overall increase from 2017 to 2024 reflects a 64% rise in the guideline value per sq.ft. It is important to note that there are no recorded 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, with a median value of Rs 1,540 per sq.ft. The guideline value for Sri Rajarajeswari Nagar Sri Ram Street is below this median.

Stamp duty and registration fee for property in Sri Rajarajeswari Nagar Sri Ram Street

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, making the total cost for registration Rs 1,28,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Rajarajeswari Nagar Sri Ram Street?

The Kunrathur Sub Registrar Office covers Sri Rajarajeswari Nagar Sri Ram Street. The office is located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

When a property is sold, the guideline value helps in establishing a fair value for the transaction, which is used by the registration office to calculate the applicable fees. Buyers and sellers should be familiar with the guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Sri Rajarajeswari Nagar Sri Ram Street?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for properties in Sri Rajarajeswari Nagar Sri Ram Street?

The stamp duty rate for properties in Sri Rajarajeswari Nagar Sri Ram Street is 7%, which is applied to the higher of the guideline value or the sale price.

Where is the Kunrathur Sub Registrar Office located?

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

What is the land classification of Sri Rajarajeswari Nagar Sri Ram Street?

Sri Rajarajeswari Nagar Sri Ram Street is classified as Residential Special Type - II, indicating its designation for residential purposes.