Guideline Value

Corporate

Guideline Value for Sri Sankara Nagar

₹1430/sq.ft.

The guideline value for Sri Sankara Nagar in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 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

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Sankara Nagar

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Sri Sankara Nagar guideline value

The current guideline value of Sri Sankara Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the jurisdiction of the Kunrathur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sri Sankara Nagar has changed

The guideline value for Sri Sankara Nagar has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 871 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing the 2024 figure for Sri Sankara Nagar below this median.

Stamp duty and registration fee for property in Sri Sankara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty, calculated at 7%, would be Rs 1,00,100, while the registration fee at 2% would be Rs 28,600. Together, the total cost for these fees would be Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sankara Nagar?

The Sub Registrar Office that covers Sri Sankara Nagar 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 Kunrathour-B

The guideline value plays a crucial role during the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that must be paid to the government, ensuring that the transaction is legally recognized.

When buyers and sellers engage in property transactions, the guideline value serves as a benchmark for the minimum value of the property, influencing the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sankara Nagar?

The current guideline value of Sri Sankara Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates for properties in Sri Sankara Nagar?

The stamp duty for properties in Sri Sankara Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the registration office for Sri Sankara Nagar?

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

What is the median guideline value for streets in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, which is higher than the guideline value of Sri Sankara Nagar.