Guideline Value

Corporate

Guideline Value for Sri Rajarajeswari Nagar

₹1430/sq.ft.

The guideline value for Sri Rajarajeswari 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

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Sri Rajarajeswari Nagar guideline value

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

How the guideline value of Sri Rajarajeswari Nagar has changed

The guideline value for Sri Rajarajeswari Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 871 per sq.ft. This figure increased significantly in the following years, reaching Rs 1,300 per sq.ft in the 2023 revision, and then rising to Rs 1,430 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2017 to 2024, the guideline value has risen by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a guideline value for 2024, 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's 2024 figure is below this median.

Stamp duty and registration fee for property in Sri Rajarajeswari 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, resulting in a total of 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.

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

Which Sub Registrar Office covers Sri Rajarajeswari Nagar?

The Sub Registrar Office that covers Sri Rajarajeswari 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 Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Sri Rajarajeswari Nagar?

The current guideline value of Sri Rajarajeswari 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. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What are the stamp duty and registration fees for properties in Sri Rajarajeswari Nagar?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Sri Rajarajeswari Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Rajarajeswari Nagar?

Sri Rajarajeswari Nagar is classified as Residential Special Type - II. This classification is important for understanding the zoning and regulatory framework applicable to properties in this area.