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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar II nd Main Road

₹3520/sq.ft.

The guideline value for Sri Ram Nagar Ii Nd Main Road in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 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

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹700 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹219 /sq.ft.
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 Ram Nagar Ii Nd Main Road

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Sri Ram Nagar II nd Main Road guideline value

The current guideline value of Sri Ram Nagar II nd Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Ram Nagar II nd Main Road has changed

Over the years, the guideline value of Sri Ram Nagar II nd Main Road has seen significant changes. The earliest recorded figure is from 2002, which was Rs 219 per sq.ft. This increased to Rs 700 per sq.ft in 2003, representing a 220% rise. By 2007, the value reached Rs 1,000 per sq.ft, marking a 43% increase from the previous revision. The value then jumped to Rs 3,200 per sq.ft in 2012, reflecting a substantial 220% increase. However, it decreased by 33% to Rs 2,144 per sq.ft in 2017. The value further increased to Rs 3,200 per sq.ft in 2023, before reaching the current rate of Rs 3,520 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,507%. There are no figures available for the revisions in years not listed, indicating that the register has no figure for this street in those years.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Sri Ram Nagar II nd Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Sri Ram Nagar II nd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar II nd Main Road?

The Sub Registrar Office that covers Sri Ram Nagar II nd Main Road 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 Porur

The guideline value plays a crucial role in property transactions in Porur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The guideline value is set by the government and is periodically revised to reflect changes in the real estate market.

When you register a property, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in calculating the necessary fees and ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar II nd Main Road?

The current guideline value of Sri Ram Nagar II nd Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 219 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024. The overall increase from 2002 to 2024 is 1,507%.

What is the median guideline value for streets in Porur?

The median guideline value for streets in Porur is Rs 3,960 per sq.ft, with Sri Ram Nagar II nd Main Road's current value being below this median.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,16,800, based on the current rate of Rs 3,520 per sq.ft.

Where can I find the Sub Registrar Office for Sri Ram Nagar II nd Main Road?

The Sub Registrar Office for Sri Ram Nagar II nd Main Road is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information through the provided link.