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Guideline Value

Corporate

Guideline Value for Sri Srinivasa Co-op Nagar

₹770/sq.ft.

The guideline value for Sri Srinivasa Co-op Nagar in Mepur village (Kunrathur SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mepur

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹275 /sq.ft.
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 Srinivasa Co-op Nagar

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Sri Srinivasa Co-op Nagar guideline value

The current guideline value of Sri Srinivasa Co-op Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Mepur village and falls under the Kunrathur SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Sri Srinivasa Co-op Nagar has changed

The guideline value for Sri Srinivasa Co-op Nagar has seen several revisions over the years. In 2007, the value was Rs 275 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The value rose again to Rs 700 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 770 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes were notable. From 2017 to 2023, there was a 49% increase, while from 2012 to 2017, the value decreased by 33%. The increase from 2007 to 2012 was a substantial 155%. Overall, from 2007 to 2024, the guideline value has increased by 180%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mepur

In Mepur village, there are 22 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,955 per sq.ft. The median value among these streets is Rs 770 per sq.ft, which is equal to the current guideline value of Sri Srinivasa Co-op Nagar.

Stamp duty and registration fee for property in Sri Srinivasa Co-op Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Please note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Srinivasa Co-op Nagar?

The Sub Registrar Office that covers Sri Srinivasa Co-op 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 Mepur

The guideline value plays a crucial role during the registration of property transactions in Mepur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Co-op Nagar?

The current guideline value of Sri Srinivasa Co-op Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 275 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 180% over this period.

What is the stamp duty rate for property transactions in Sri Srinivasa Co-op Nagar?

The stamp duty rate for property transactions in Sri Srinivasa Co-op Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Srinivasa Co-op Nagar?

The Sub Registrar Office for Sri Srinivasa Co-op Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the other streets in Mepur with guideline values?

Other streets in Mepur include Sri Srinivasa Nagar, Sri Sai Nagar, Srinivasa Nagar, Sri Krishna Nagar, Sri Balaji Nagar Phase II, and Sri Balaji Nagar, each with their respective guideline values ranging from Rs 550 to Rs 1,480 per sq.ft.