Guideline Value

Corporate

Guideline Value for Sri Sangeetham Nagar

₹1550/sq.ft.

The guideline value for Sri Sangeetham Nagar in Srinivasapuram village (Kunrathur SRO, Chennai zone) is Rs 1550 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Srinivasapuram

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1550 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹63 /sq.ft.
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 Sangeetham Nagar

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Sri Sangeetham Nagar guideline value

The current guideline value of Sri Sangeetham Nagar is Rs 1,550 per sq.ft, effective from 1 July 2024. This area is located in Srinivasapuram village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Sangeetham Nagar has changed

The guideline value for Sri Sangeetham Nagar has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 63 per sq.ft. It increased significantly to Rs 400 per sq.ft in 2007, followed by a substantial rise to Rs 1,400 per sq.ft in 2012. However, the value saw a decrease to Rs 938 per sq.ft in 2017, before climbing to Rs 1,400 per sq.ft again in 2023. The latest revision in 2024 has set the guideline value at Rs 1,550 per sq.ft.

Between these revisions, there have been notable changes. From 2003 to 2007, the guideline value increased by 535%. The value then rose by 250% from 2007 to 2012, but decreased by 33% from 2012 to 2017. After that, there was a significant increase of 49% from 2017 to 2023, and the latest revision shows an increase of 11% from 2023 to 2024. The overall change from 2003 to 2024 is a remarkable 2360%.

Guideline values in Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 7,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Sri Sangeetham Nagar is below this median.

Stamp duty and registration fee for property in Sri Sangeetham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total fees together to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Sri Sangeetham Nagar?

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

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

The guideline value is a crucial reference for determining the minimum value of properties in Sri Sangeetham Nagar during the registration process. It is used by the registration department to calculate the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value serves as a benchmark. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sangeetham Nagar?

The current guideline value of Sri Sangeetham Nagar is Rs 1,550 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 63 per sq.ft in 2003 to Rs 1,550 per sq.ft in 2024, reflecting an overall increase of 2360% over this period.

What is the registration office for Sri Sangeetham Nagar?

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

How is stamp duty calculated for properties in Sri Sangeetham Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 at 7%.

What are the other streets in Srinivasapuram with guideline values?

Other streets in Srinivasapuram include Sri Srinivasa Avenue, Sri Sai Nagar, Srivasapuram Main Road, Sri Venkateswara Nagar, Sri Ram Nagar, and Srinivasa Nagar Annexe, with guideline values ranging from Rs 1,550 to Rs 3,600 per sq.ft in 2024.