Guideline Value

Corporate

Guideline Value for Sri lakshmi nagar 1st Main Road

₹1200/sq.ft.

The guideline value for Sri Lakshmi Nagar 1st Main Road in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /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 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 Lakshmi Nagar 1st Main Road

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Sri lakshmi nagar 1st Main Road guideline value

The current guideline value of Sri lakshmi nagar 1st Main Road is Rs 1,200 per sq.ft, effective from 1 July 2024. This road is located in Venkatapuram village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri lakshmi nagar 1st Main Road has changed

The guideline value for Sri lakshmi nagar 1st Main Road has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 1,100 per sq.ft. This was followed by a decrease to Rs 737 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,100 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,200 per sq.ft.

Examining the changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 1,200 per sq.ft, which is the same as the guideline value for Sri lakshmi nagar 1st Main Road.

Stamp duty and registration fee for property in Sri lakshmi nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these charges Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri lakshmi nagar 1st Main Road?

The Sub Registrar Office that covers Sri lakshmi nagar 1st Main Road 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 Venkatapuram

The guideline value is a critical factor in property transactions in Venkatapuram. It is used to determine the minimum price at which a property can be registered. When buying or selling a property, the guideline value helps in assessing the appropriate stamp duty and registration fees applicable to the transaction.

During the registration process, the guideline value ensures that the property is valued fairly, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Sri lakshmi nagar 1st Main Road?

The current guideline value of Sri lakshmi nagar 1st Main Road is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 in 2012 to Rs 737 in 2017, then to Rs 1,100 in 2023, and finally to Rs 1,200 in 2024.

What is the land classification for Sri lakshmi nagar 1st Main Road?

Sri lakshmi nagar 1st Main Road is classified as Residential Special Type - I.

What is the stamp duty rate applicable in this area?

The stamp duty rate applicable in the area is 7% of the guideline value or the sale price, whichever is higher.

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.