Guideline Value

Corporate

Guideline Value for Sri Sathya Sai Nagar

₹660/sq.ft.

The guideline value for Sri Sathya Sai 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 Sathya Sai Nagar

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Sri Sathya Sai Nagar guideline value

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

How the guideline value of Sri Sathya Sai Nagar has changed

The guideline value for Sri Sathya Sai Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, before increasing to Rs 600 per sq.ft in the 2023 revision. The current revision in 2024 shows an increase to Rs 660 per sq.ft, marking a 10% rise from the previous year.

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

Guideline values in Sundaracholavaram

Sundaracholavaram village has a total of 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft, with the median value being Rs 660 per sq.ft. The guideline value of Sri Sathya Sai Nagar aligns with this median.

Stamp duty and registration fee for property in Sri Sathya Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Sathya Sai Nagar?

The Sub Registrar Office that covers Sri Sathya Sai 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 Sundaracholavaram

The guideline value is a crucial factor during the registration of property transactions in Sundaracholavaram. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's value as assessed by the guideline value register.

Frequently asked questions

What is the current guideline value of Sri Sathya Sai Nagar?

The current guideline value of Sri Sathya Sai 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 land classification of Sri Sathya Sai Nagar?

Sri Sathya Sai Nagar is classified as Residential Class I Type - III, indicating its designation for residential purposes.

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. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Sri Sathya Sai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 59,400.