Guideline Value

Corporate

Guideline Value for Sri Ranganathan Nagar Extn

₹1200/sq.ft.

The guideline value for Sri Ranganathan Nagar Extn in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

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 Ranganathan Nagar Extn

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Sri Ranganathan Nagar Extn guideline value

The current guideline value of Sri Ranganathan Nagar Extn is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Venkatapuram village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Ranganathan Nagar Extn has changed

The guideline value for Sri Ranganathan Nagar Extn has undergone several revisions over the years. The earliest available figure is from 2007, where the rate was Rs 300 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, marking a 267% rise. However, it then saw a decrease to Rs 737 per sq.ft in 2017, a reduction of 33%. The value rose again to Rs 1,100 per sq.ft in 2023, followed by a further increase to Rs 1,200 per sq.ft in 2024, reflecting a 9% change from the previous year.

In summary, from 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 300%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 1,200 per sq.ft, with a median value of Rs 1,200 per sq.ft. The guideline value for Sri Ranganathan Nagar Extn is equal to this median.

Stamp duty and registration fee for property in Sri Ranganathan Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total charges to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ranganathan Nagar Extn?

The Sub Registrar Office that covers Sri Ranganathan Nagar Extn 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 Venkatapuram

The guideline value plays a crucial role in the registration process of property transactions in Venkatapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price, with the higher of the two being used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and legally within the framework set by the state government.

Frequently asked questions

What is the current guideline value of Sri Ranganathan Nagar Extn?

The current guideline value of Sri Ranganathan Nagar Extn is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Sri Ranganathan Nagar Extn?

Sri Ranganathan Nagar Extn is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for properties in this area?

The registration office for properties in Sri Ranganathan Nagar Extn is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Sri Ranganathan Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.