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Guideline Value

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Guideline Value for Sri Vembuli Amman Nagar

₹1550/sq.ft.

The guideline value for Sri Vembuli Amman Nagar in Thirunageswaram village (Kunrathur SRO, Chennai zone) is Rs 1550 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunageswaram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1550 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /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 Vembuli Amman Nagar

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Sri Vembuli Amman Nagar guideline value

The current guideline value of Sri Vembuli Amman Nagar is Rs 1,550 per sq.ft, effective from 1 July 2024. This locality is situated in Thirunageswaram village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Vembuli Amman Nagar has changed

Over the years, the guideline value of Sri Vembuli Amman Nagar has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which then changed to Rs 938 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 1,400 per sq.ft, and the latest revision in 2024 has brought it up to Rs 1,550 per sq.ft, marking an increase of 11% from the previous year. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the value increased by 49%, and when considering the overall change from 2012 to 2024, there has been an increase of 11%. The current guideline value reflects the median value of Rs 1,550 per sq.ft for the 105 streets in Thirunageswaram under the Kunrathur SRO.

Guideline values in Thirunageswaram

In Thirunageswaram, the guideline values range from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,550 per sq.ft. Sri Vembuli Amman Nagar's 2024 figure aligns with this median. Here are some other streets in Thirunageswaram:

Stamp duty and registration fee for property in Sri Vembuli Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,550 per sq.ft, the guideline value is Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, totaling Rs 1,39,500. 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 more details.

Which Sub Registrar Office covers Sri Vembuli Amman Nagar?

The Sub Registrar Office that covers Sri Vembuli Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Thirunageswaram, the guideline value is a crucial factor for registration purposes. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that all transactions are aligned with the officially recognized values.

Buyers and sellers must be aware that the guideline value can influence the overall transaction costs. It is advisable to check the latest revisions and values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Sri Vembuli Amman Nagar?

The current guideline value of Sri Vembuli Amman Nagar is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What are the other streets in Thirunageswaram with similar guideline values?

Other streets in Thirunageswaram with a guideline value of Rs 1,550 per sq.ft include Srimathi Nagar, Thatcha Lane, and Thatcha Street. Several other streets have lower values, such as Thirunages-Colony/ MGR Nagar & Lane, which is Rs 800 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,50,000 in Sri Vembuli Amman Nagar, the stamp duty would be Rs 1,08,500, and the registration fee would be Rs 31,000, totaling Rs 1,39,500. These fees are based on the guideline value.

Where can I find the Sub Registrar Office for Sri Vembuli Amman Nagar?

The Sub Registrar Office for Sri Vembuli Amman Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.