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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar Park Street

₹3520/sq.ft.

The guideline value for Sri Ram Nagar Park Street 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 N/A
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 Ram Nagar Park Street

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Sri Ram Nagar Park Street guideline value

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

How the guideline value of Sri Ram Nagar Park Street has changed

The guideline value for Sri Ram Nagar Park Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in 2017, which represents a decline of 33%. The value then increased significantly to Rs 3,200 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Sri Ram Nagar Park Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 guideline value for these streets is Rs 3,960 per sq.ft, placing the 2024 figure for Sri Ram Nagar Park Street below this median.

Stamp duty and registration fee for property in Sri Ram Nagar Park Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty is charged at 7%, resulting in Rs 2,46,400, while the registration fee at 2% comes to Rs 70,400. Together, the total cost for stamp duty and registration fee is 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar Park Street?

The Kunrathur Sub Registrar Office covers Sri Ram Nagar Park Street. The office is 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 Porur

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value helps determine the taxes that need to be paid at the time of registration. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar Park Street?

The current guideline value of Sri Ram Nagar Park Street 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 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

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

For a property valued at Rs 35,20,000, the stamp duty at 7% is Rs 2,46,400, and the registration fee at 2% is Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers this street?

The Kunrathur Sub Registrar Office covers Sri Ram Nagar Park Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Ram Nagar Park Street?

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