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Guideline Value

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Guideline Value for Sri Saravana Nagar Vth Street

₹650/sq.ft.

The guideline value for Sri Saravana Nagar Vth 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 Vth Street

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Sri Saravana Nagar Vth Street guideline value

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

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

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This figure then decreased to Rs 402 per sq.ft in the 2017 revision, representing a decline of 33%. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 650 per sq.ft, reflecting an 8% increase from the previous year.

The register has no figure for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 8%.

Guideline values in Moonramkattalai

In Moonramkattalai, 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 equal to the 2024 figure for Sri Saravana Nagar Vth Street.

Stamp duty and registration fee for property in Sri Saravana Nagar Vth 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 amount to Rs 45,500, and the registration fee at 2% would be Rs 13,000, making the total fees together 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Saravana Nagar Vth Street?

The Sub Registrar Office that covers Sri Saravana Nagar Vth Street 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 Moonramkattalai

The guideline value plays a crucial role during the registration of property transactions in Moonramkattalai. It is used to determine the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is considered for calculating the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

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

The current guideline value of Sri Saravana Nagar Vth 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 finally to Rs 650 per sq.ft in 2024.

What is the registration office for Sri Saravana Nagar Vth Street?

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

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.

Where can I find more information about guideline values in Moonramkattalai?

For more information about guideline values in Moonramkattalai, you can refer to the official guideline value register maintained by the Registration Department.