Guideline Value

Corporate

Guideline Value for Sri Sayee Nagar Extension

₹2090/sq.ft.

The guideline value for Sri Sayee Nagar Extension in Chikkarayapuram village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chikkarayapuram

Village

Kunrathur

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹2090 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1900 /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 Sayee Nagar Extension

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Sri Sayee Nagar Extension guideline value

The current guideline value of Sri Sayee Nagar Extension is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in Chikkarayapuram village, under the Kunrathur SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Sri Sayee Nagar Extension has changed

Over the years, the guideline value for Sri Sayee Nagar Extension has seen several revisions. The 2012 revision set the value at Rs 1,900 per sq.ft, which was then reduced to Rs 1,273 per sq.ft in 2017. Following this, the value increased to Rs 1,900 per sq.ft in 2023, and finally to Rs 2,090 per sq.ft in 2024, marking a 10% increase from the previous year.

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

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Sri Sayee Nagar Extension's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Sayee Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that 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 information.

Which Sub Registrar Office covers Sri Sayee Nagar Extension?

The Sub Registrar Office that covers Sri Sayee Nagar Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Chikkarayapuram

The guideline value plays a crucial role during the registration of property transactions in Chikkarayapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately and fairly in the official registry.

Frequently asked questions

What is the current guideline value of Sri Sayee Nagar Extension?

The current guideline value of Sri Sayee Nagar Extension is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,900 per sq.ft in 2012 to Rs 1,273 per sq.ft in 2017, then to Rs 1,900 per sq.ft in 2023, and finally to Rs 2,090 per sq.ft in 2024.

What are the other streets in Chikkarayapuram and their guideline values?

Other streets in Chikkarayapuram include Sri Thangam Avenue and Sri Thangam Avenue Annexe at Rs 1,760 per sq.ft, and Sri Venkateswara Nagar I, II, III, Sri Ragavendra Nagar, Subbiya Nagar, and Subramani Nagar at Rs 1,980 per sq.ft.

What is the stamp duty for property in Sri Sayee Nagar Extension?

The stamp duty for a property in Sri Sayee Nagar Extension is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,46,300.

Where is the Sub Registrar Office for Sri Sayee Nagar Extension located?

The Sub Registrar Office for Sri Sayee Nagar Extension is located at No.59, Road Street, Kundrathur, Chennai -600 069, under the Kunrathur registration zone.