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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar Ist Main Road

₹3520/sq.ft.

The guideline value for Sri Ram Nagar Ist 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 Ist Main Road

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Sri Ram Nagar Ist Main Road guideline value

The current guideline value of Sri Ram Nagar Ist Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road 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 Ist Main Road has changed

Since the establishment of the guideline value register, the figures for Sri Ram Nagar Ist Main Road have seen significant changes. The earliest recorded revision was in 2002, where the guideline value was Rs 219 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a rise of 220%. The value then rose to Rs 1,000 per sq.ft in 2007, an increase of 43%. The 2012 revision set the value at Rs 3,200 per sq.ft, reflecting a substantial increase of 220% from the previous figure. However, this was followed by a decrease to Rs 2,144 per sq.ft in 2017, which was a decline of 33% compared to 2012. The value then rose to Rs 3,200 per sq.ft in 2023, with a 49% increase from the 2017 figure. 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.

Overall, from 2002 to 2024, the guideline value has increased by 1507%. There are no figures available for any other revisions 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. The median guideline value for these streets is Rs 3,960 per sq.ft, placing the 2024 figure for Sri Ram Nagar Ist Main Road below that median.

Stamp duty and registration fee for property in Sri Ram Nagar Ist 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 amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, these fees would total 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.

You can use our stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Sri Ram Nagar Ist Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and 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 Ist Main Road?

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

What are the stamp duty and registration fees for properties on this road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 2,46,400 and the registration fee is Rs 70,400, totaling Rs 3,16,800.

Which office handles registrations for Sri Ram Nagar Ist Main Road?

The Kunrathur Sub Registrar Office handles registrations for Sri Ram Nagar Ist Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

The land classification for Sri Ram Nagar Ist Main Road is Residential Special Type - II, indicating its designated use for residential purposes.