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Guideline Value

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Guideline Value for Sri Saravana Nagar IIIrd Street

₹650/sq.ft.

The guideline value for Sri Saravana Nagar Iiird Street in Moonramkattalai village (Kunrathur SRO, Chennai zone) is Rs 650 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moonramkattalai

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹650 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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 Saravana Nagar Iiird Street

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Sri Saravana Nagar IIIrd Street guideline value

The current guideline value of Sri Saravana Nagar IIIrd Street is Rs 650 per sq.ft, effective from 1 July 2024. This street is located in Moonramkattalai village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Saravana Nagar IIIrd Street has changed

The guideline value for Sri Saravana Nagar IIIrd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased to Rs 600 per sq.ft in 2023, and then further to Rs 650 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Moonramkattalai

In Moonramkattalai village, there are 43 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft. The median value is Rs 650 per sq.ft, which is the same as the current guideline value for Sri Saravana Nagar IIIrd Street.

Stamp duty and registration fee for property in Sri Saravana Nagar IIIrd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total fees to Rs 58,500. 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 Saravana Nagar IIIrd Street?

The Sri Saravana Nagar IIIrd Street falls under the jurisdiction of 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 Moonramkattalai

The guideline value is a crucial factor in the registration process when buying or selling property in Moonramkattalai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the authorities will assess either the guideline value or the sale price, whichever is higher, to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent for all property transactions.

Frequently asked questions

What is the current guideline value of Sri Saravana Nagar IIIrd Street?

The current guideline value of Sri Saravana Nagar IIIrd Street is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 650 per sq.ft in 2024.

What are the other streets in Moonramkattalai with the same guideline value?

Other streets in Moonramkattalai with a guideline value of Rs 650 per sq.ft include Sri Saravana Nagar Iind Street, Sri Saravana Nagar Ist Street, Sri Saravana Nagar, Sri Saravana Nagar Ivth Street, Sri Saravana Nagar Vth Street, and Subbalakshmi Nagar.

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

For a property valued at Rs 6,50,000, the stamp duty would be Rs 45,500, and the registration fee would be Rs 13,000, totaling Rs 58,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information by visiting the relevant link.