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Guideline Value

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Guideline Value for Sri Vaishnavi Avenue & Extention I, II

₹1650/sq.ft.

The guideline value for Sri Vaishnavi Avenue & Extention I, Ii in Kovur village (Kunrathur SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Vaishnavi Avenue & Extention I, Ii

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Sri Vaishnavi Avenue & Extention I, II guideline value

The current guideline value of Sri Vaishnavi Avenue & Extention I, II is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Kovur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Vaishnavi Avenue & Extention I, II has changed

The guideline value for Sri Vaishnavi Avenue & Extention I, II has undergone several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then further rose to Rs 1,650 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Sri Vaishnavi Avenue & Extention I, II.

Stamp duty and registration fee for property in Sri Vaishnavi Avenue & Extention I, II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vaishnavi Avenue & Extention I, II?

The Sub Registrar Office that covers Sri Vaishnavi Avenue & Extention I, II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Kovur. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Vaishnavi Avenue & Extention I, II?

The current guideline value of Sri Vaishnavi Avenue & Extention I, II is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Sri Vaishnavi Avenue & Extention I, II?

The land classification for Sri Vaishnavi Avenue & Extention I, II is Residential Special Type - I.

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.

How is stamp duty calculated for properties in Sri Vaishnavi Avenue & Extention I, II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.