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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar IIIrd Main Road

₹3520/sq.ft.

The guideline value for Sri Ram Nagar Iiird 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 ₹243 /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 Iiird Main Road

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Sri Ram Nagar IIIrd Main Road guideline value

The current guideline value for Sri Ram Nagar IIIrd Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

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

The guideline value for Sri Ram Nagar IIIrd Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 219 per sq.ft. This increased to Rs 243 per sq.ft in 2003, marking an increase of 11%. The value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, which represented a substantial increase of 312%. In 2012, the value was Rs 3,200 per sq.ft, indicating a 220% increase from the previous revision. However, it then decreased to Rs 2,144 per sq.ft in 2017, reflecting a decline of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 3,200 per sq.ft, a 49% increase. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, which is a 10% increase from the previous year. There are no figures available in the register for the years not listed for this street.

Guideline values in Porur

In Porur village, 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, with a median value of Rs 3,960 per sq.ft. The guideline value for Sri Ram Nagar IIIrd Main Road is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be 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, bringing the total cost for these fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar IIIrd Main Road?

The Sub Registrar Office that covers Sri Ram Nagar IIIrd 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 during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sri Ram Nagar IIIrd 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 from Rs 219 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 1507% over the years.

What is the land classification for Sri Ram Nagar IIIrd Main Road?

Sri Ram Nagar IIIrd Main Road is classified as Residential Special Type - II, indicating its purpose for residential development.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it oversees the registration of properties in this area.