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Guideline Value

Corporate

Guideline Value for Sri Rajarajeswari Nagar Thiruvalluvar Nagar

₹1430/sq.ft.

The guideline value for Sri Rajarajeswari Nagar Thiruvalluvar 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 Thiruvalluvar Nagar

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Sri Rajarajeswari Nagar Thiruvalluvar Nagar guideline value

The current guideline value of Sri Rajarajeswari Nagar Thiruvalluvar 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, classified as Residential Special Type - II.

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

In the 2017 revision, the guideline value was Rs 871 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase of 10%, bringing the current value to Rs 1,430 per sq.ft.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no 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. Sri Rajarajeswari Nagar Thiruvalluvar Nagar's guideline value is below this median.

Stamp duty and registration fee for property in Sri Rajarajeswari Nagar Thiruvalluvar 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, totaling Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Rajarajeswari Nagar Thiruvalluvar Nagar?

The Sri Rajarajeswari Nagar Thiruvalluvar Nagar area 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 Kunrathour-B

The guideline value plays a crucial role 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 applicable during the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline values to accurately assess their financial obligations during property transactions.

Frequently asked questions

What is the current guideline value for Sri Rajarajeswari Nagar Thiruvalluvar Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. This reflects a total increase of 64% from 2017 to 2024.

What is the land classification for this area?

Sri Rajarajeswari Nagar Thiruvalluvar Nagar is classified as Residential Special Type - II. This classification is essential for understanding the zoning and development regulations applicable to the area.

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

Other streets in Kunrathour-B, such as Sri Rajarajeswari Nagar Sri Ram Street, Nethaji Street, Nehru Nagar, Mullai Street, and M.G.R. Street, all have the same guideline value of Rs 1,430 per sq.ft for 2024.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,30,000, the stamp duty at 7% would be Rs 1,00,100, along with a registration fee of Rs 28,600.