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Guideline Value

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Guideline Value for Sri Saravana Nagar Ivth Street

₹650/sq.ft.

The guideline value for Sri Saravana Nagar Ivth 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 Ivth Street

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Sri Saravana Nagar Ivth Street guideline value

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

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

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

To summarize the changes: from 2012 to 2017, there was a decrease of 33%. However, the value rose by 49% from 2017 to 2023, and overall, from 2012 to 2024, there has been an increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 650 to Rs 2,750 per sq.ft. The median value among these streets is Rs 650 per sq.ft, which is the same as the guideline value for Sri Saravana Nagar Ivth Street. Below are the guideline values for other streets in Moonramkattalai:

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

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be 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, making a total of Rs 58,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Saravana Nagar Ivth Street?

The Sri Saravana Nagar Ivth Street is covered by 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 critical 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 applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that the government receives the appropriate revenue based on the property's value as determined by the guideline register.

Frequently asked questions

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

The current guideline value of Sri Saravana Nagar Ivth 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 increased to Rs 600 per sq.ft in 2023, and currently stands at Rs 650 per sq.ft in 2024.

What is the land classification for Sri Saravana Nagar Ivth Street?

Sri Saravana Nagar Ivth Street is classified as Residential Class I Type - I.

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

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

Where can I find the registration office for Sri Saravana Nagar Ivth Street?

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