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Guideline Value

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Guideline Value for Sri Sairam Avenue , Sathyanarayanapuram

₹2450/sq.ft.

The guideline value for Sri Sairam Avenue , Sathyanarayanapuram in Moulivakkam village (Kunrathur SRO, Chennai zone) is Rs 2450 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moulivakkam

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2450 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /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 Sairam Avenue , Sathyanarayanapuram

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Sri Sairam Avenue , Sathyanarayanapuram guideline value

The current guideline value of Sri Sairam Avenue , Sathyanarayanapuram is Rs 2,450 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Sairam Avenue , Sathyanarayanapuram has changed

Over the years, the guideline value for Sri Sairam Avenue has undergone several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the Rs 1,474 per sq.ft recorded in the 2017 revision. The guideline value then increased to Rs 2,200 per sq.ft in 2023, marking a significant rise of 49% from the previous figure. The most recent revision in 2024 has further increased the value to Rs 2,450 per sq.ft, reflecting an 11% increase from the 2023 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Moulivakkam

Moulivakkam has a total of 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median guideline value is Rs 2,450 per sq.ft, which is also the current guideline value for Sri Sairam Avenue.

Stamp duty and registration fee for property in Sri Sairam Avenue , Sathyanarayanapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty, calculated at 7%, would be Rs 1,71,500, while the registration fee at 2% would be Rs 49,000. Together, the total cost for stamp duty and registration fee would be Rs 2,20,500. 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 Sairam Avenue , Sathyanarayanapuram?

The Sub Registrar Office that covers Sri Sairam Avenue , Sathyanarayanapuram 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 Moulivakkam

The guideline value plays a crucial role during the registration process when buying or selling property. It is used to determine the stamp duty and registration fees, which are mandatory costs in property transactions.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sairam Avenue?

The current guideline value of Sri Sairam Avenue , Sathyanarayanapuram is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2023 to Rs 2,450 per sq.ft in 2024, an increase of 11%. It was Rs 2,200 per sq.ft in 2012 and Rs 1,474 per sq.ft in 2017.

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 guideline value is Rs 24,50,000. The stamp duty is Rs 1,71,500, and the registration fee is Rs 49,000, totaling Rs 2,20,500.

Which Sub Registrar Office handles registrations for Sri Sairam Avenue?

The Kunrathur Sub Registrar Office handles registrations for Sri Sairam Avenue , Sathyanarayanapuram, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Sairam Avenue?

Sri Sairam Avenue is classified as Residential Special Type - I, indicating its designated use for residential purposes.