Guideline Value

Corporate

Guideline Value for Sri Venkateswara Nagar

₹1210/sq.ft.

The guideline value for Sri Venkateswara Nagar in Baraniputjur village (Kunrathur SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Baraniputjur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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 Venkateswara Nagar

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Sri Venkateswara Nagar guideline value

The current guideline value of Sri Venkateswara Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Baraniputjur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Venkateswara Nagar has changed

The guideline value for Sri Venkateswara Nagar has undergone several revisions over the years. The earliest recorded value is from 2007, set at Rs 250 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, but then decreased to Rs 737 per sq.ft in 2017. The value then rose to Rs 1,100 per sq.ft in 2023, before reaching the current rate of Rs 1,210 per sq.ft in 2024. Notably, there are no figures for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a substantial increase of 49%, while the value saw a decrease of 33% from 2012 to 2017. The most remarkable change occurred from 2007 to 2012, with an increase of 340%. Overall, from 2007 to 2024, the guideline value has increased by 384%.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 700 to Rs 2,500 per sq.ft. The median guideline value is Rs 1,210 per sq.ft, which is equal to the current guideline value of Sri Venkateswara Nagar.

Stamp duty and registration fee for property in Sri Venkateswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total cost for stamp duty and registration Rs 1,08,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Venkateswara Nagar?

The Sub Registrar Office that covers Sri Venkateswara 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 Baraniputjur

The guideline value is a crucial factor in the registration process when buying or selling property in Baraniputjur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to assess the official value of the property, ensuring that appropriate taxes are applied. Buyers should be aware that the guideline value may differ from the sale price, and the higher of the two will be considered for calculating the duties.

Frequently asked questions

What is the current guideline value of Sri Venkateswara Nagar?

The current guideline value of Sri Venkateswara Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 384% over this period.

What is the registration office for Sri Venkateswara Nagar?

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

How is stamp duty calculated in Sri Venkateswara Nagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 12,10,000 would incur a stamp duty of Rs 84,700 at a rate of 7%.

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

Other streets in Baraniputjur with a guideline value of Rs 1,210 per sq.ft include Sri Sangeetham Nagar, Subbaraya Nagar, Sri Ganapathi Nagar, and Thamu Nagar, among others.