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Guideline Value

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Guideline Value for Sri Suraikai Chittar Nagar

₹400/sq.ft.

The guideline value for Sri Suraikai Chittar Nagar in Orathur village (Gooduvancheri SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Orathur

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Suraikai Chittar Nagar

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Sri Suraikai Chittar Nagar guideline value

The current guideline value of Sri Suraikai Chittar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Orathur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Suraikai Chittar Nagar has changed

Over the years, the guideline value of Sri Suraikai Chittar Nagar has seen several revisions. The earliest recorded value was Rs 150 per sq.ft in 2007, which increased significantly to Rs 400 per sq.ft in 2012. However, this figure was revised down to Rs 268 per sq.ft in 2017. Following this, the value remained at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

In terms of percentage changes, the value rose by 167% from 2007 to 2012, then decreased by 33% from 2012 to 2017. After 2017, the value increased by 49% to reach Rs 400 per sq.ft in 2023, and it remained the same in 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with the median being Rs 500 per sq.ft. Sri Suraikai Chittar Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Sri Suraikai Chittar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total fees Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Suraikai Chittar Nagar?

Sri Suraikai Chittar Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Orathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price according to the local government's standards.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sri Suraikai Chittar Nagar?

The current guideline value of Sri Suraikai Chittar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times since 2007, starting from Rs 150 per sq.ft in 2007, rising to Rs 400 per sq.ft in 2012, dropping to Rs 268 per sq.ft in 2017, and remaining at Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification for Sri Suraikai Chittar Nagar?

The land classification for Sri Suraikai Chittar Nagar is Residential Special Type - I, which indicates the type of development permissible in the area.

Where can I find the registration office for Sri Suraikai Chittar Nagar?

The registration office for Sri Suraikai Chittar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Suraikai Chittar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,00,000, the stamp duty at 7% would amount to Rs 28,000, along with a registration fee of Rs 8,000, totaling Rs 36,000.