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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar (ward 5)

₹2200/sq.ft.

The guideline value for Srinivasa Nagar (ward 5) in Kolapakkam village (Pammal SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kolapakkam

Village

Pammal

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[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 Srinivasa Nagar (ward 5)

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Srinivasa Nagar (ward 5) guideline value

The current guideline value of Srinivasa Nagar (ward 5) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Srinivasa Nagar (ward 5) has changed

The guideline value for Srinivasa Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase from Rs 2,000 per sq.ft in 2023. This change represents a 10% rise within just one year. Looking further back, the 2017 revision recorded a guideline value of Rs 1,340 per sq.ft, indicating a significant increase of 49% when compared to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current guideline value for Srinivasa Nagar.

Stamp duty and registration fee for property in Srinivasa Nagar (ward 5)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Srinivasa Nagar (ward 5)?

The Sub Registrar Office that covers Srinivasa Nagar (ward 5) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kolapakkam. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the correct revenue based on the property's assessed value.

During the registration process, the guideline value serves as a benchmark for pricing, ensuring that properties are not undervalued. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar (ward 5)?

The current guideline value of Srinivasa Nagar (ward 5) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%. The most recent revision in 2023 was Rs 2,000 per sq.ft, which increased by 10% to Rs 2,200 in 2024.

What is the land classification for Srinivasa Nagar (ward 5)?

Srinivasa Nagar (ward 5) is classified as Residential Class II Type - I. This classification is important for understanding the zoning and permissible uses of the land.

What are the other streets in Kolapakkam and their guideline values?

Other streets in Kolapakkam include Sri Narayana Nagar, Sri Mahalakshmi Nagar, Sri Ganesh Nagar, Sri Dhalakshmi Nagar, and Sri Thiruvengadam Nagar, with guideline values ranging from Rs 2,200 to Rs 3,740 per sq.ft.

Where can I find the Sub Registrar Office for Srinivasa Nagar (ward 5)?

The Sub Registrar Office for Srinivasa Nagar (ward 5) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find more information online.