Guideline Value

Corporate

Guideline Value for Sri Rajeshwari Nagar

₹2310/sq.ft.

The guideline value for Sri Rajeshwari Nagar in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2310 per sq.ft, effective 1 July 2024. It was Rs 2100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2310 /sq.ft.
From 1-4-2023 ₹2100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1407 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Rajeshwari Nagar

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Sri Rajeshwari Nagar guideline value

The current guideline value of Sri Rajeshwari Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024. This locality is situated in Perungalathur village, under the jurisdiction of the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Rajeshwari Nagar has changed

Over the years, the guideline value of Sri Rajeshwari Nagar has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 250 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in 2012, marking a rise of 740%. However, the value then decreased to Rs 1,407 per sq.ft in 2017, a decline of 33%. The subsequent revision in 2023 saw the value rise to Rs 2,100 per sq.ft, followed by a further increase to Rs 2,310 per sq.ft in 2024, representing a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 824%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, which is the same as the current value for Sri Rajeshwari Nagar.

Stamp duty and registration fee for property in Sri Rajeshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200. Together, the total cost for stamp duty and registration fee would be Rs 2,07,900. It is important to note that 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 Rajeshwari Nagar?

The Sub Registrar Office that covers Sri Rajeshwari Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perungalathur

The guideline value is an important factor in the registration process when buying or selling property in Perungalathur. It determines the minimum value at which property transactions are registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Rajeshwari Nagar?

The current guideline value of Sri Rajeshwari Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 250 per sq.ft in 2007, peaking at Rs 2,310 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Sri Rajeshwari Nagar?

The land classification for Sri Rajeshwari Nagar is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sri Rajeshwari Nagar?

The Padappai Sub Registrar Office covers Sri Rajeshwari Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for property transactions in Sri Rajeshwari Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 at 7%.