Guideline Value

Corporate

Guideline Value for Sri Satheswari Nagar

₹660/sq.ft.

The guideline value for Sri Satheswari Nagar in Sundaracholavaram village (Kunrathur SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sundaracholavaram

Village

Kunrathur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /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 Satheswari Nagar

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Sri Satheswari Nagar guideline value

The current guideline value of Sri Satheswari Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sundaracholavaram village under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Sri Satheswari Nagar has changed

The guideline value for Sri Satheswari Nagar has seen 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 to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, between the 2012 and 2017 revisions, the value saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sundaracholavaram

Sundaracholavaram village has 57 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 550 to Rs 4,600 per sq.ft. The median guideline value is Rs 660 per sq.ft, making Sri Satheswari Nagar's 2024 figure equal to this median.

Stamp duty and registration fee for property in Sri Satheswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Satheswari Nagar?

The Sri Satheswari Nagar area is covered by 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 Sundaracholavaram

The guideline value is a crucial factor in property transactions in Sundaracholavaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers and sellers must be aware of the guideline value as it influences the overall cost of the transaction.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. It ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Sri Satheswari Nagar?

The current guideline value of Sri Satheswari Nagar is Rs 660 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 660 per sq.ft in 2024.

What is the median guideline value in Sundaracholavaram?

The median guideline value in Sundaracholavaram is Rs 660 per sq.ft, which is the same as the current value for Sri Satheswari Nagar.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Sri Satheswari Nagar is charged at 7% of 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 through the provided link.