Guideline Value

Corporate

Guideline Value for Sri Rajarajeswari Nagar

₹3190/sq.ft.

The guideline value for Sri Rajarajeswari Nagar in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3190 per sq.ft, effective 1 July 2024. It was Rs 2900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3190 /sq.ft.
From 1-4-2023 ₹2900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1943 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1418 /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 Rajarajeswari Nagar

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Sri Rajarajeswari Nagar guideline value

The current guideline value of Sri Rajarajeswari Nagar, located in Madanandapuram village under the Kunrathur SRO, is Rs 3,190 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Rajarajeswari Nagar has changed

Over the years, the guideline value of Sri Rajarajeswari Nagar has seen several revisions. The earliest recorded figure was Rs 1,418 per sq.ft in 2007, which increased significantly to Rs 2,900 per sq.ft in 2012. However, this figure decreased by 33% to Rs 1,943 per sq.ft in 2017. Following this, the value surged by 49% to Rs 2,900 per sq.ft in 2023, and most recently, it rose by 10% to the current value of Rs 3,190 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 125%. This reflects the changes in the value from Rs 1,418 per sq.ft in 2007 to the current Rs 3,190 per sq.ft in 2024.

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 a median value of Rs 3,520 per sq.ft. The guideline value for Sri Rajarajeswari Nagar 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 3,190 per sq.ft, the total guideline value is Rs 31,90,000. The stamp duty at 7% would amount to Rs 2,23,300, while the registration fee at 2% would be Rs 63,800, bringing the total fees to Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 details.

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 determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value serves as a benchmark for the legal documentation and helps in assessing the applicable taxes. Buyers and sellers must be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sri Rajarajeswari Nagar?

The current guideline value of Sri Rajarajeswari Nagar is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,418 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting a significant increase over the years.

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

For a property valued at Rs 31,90,000, the stamp duty would be Rs 2,23,300, and the registration fee would be Rs 63,800, totaling Rs 2,87,100.

Which office handles registrations for Sri Rajarajeswari Nagar?

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

What is the land classification for Sri Rajarajeswari Nagar?

The land classification for Sri Rajarajeswari Nagar is Residential Special Type - III, indicating its designated use for residential purposes.