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Guideline Value

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Guideline Value for Srinivasa Nagar Thirunanasambandar Street

₹3850/sq.ft.

The guideline value for Srinivasa Nagar Thirunanasambandar Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Srinivasa Nagar Thirunanasambandar Street

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Srinivasa Nagar Thirunanasambandar Street guideline value

The current guideline value of Srinivasa Nagar Thirunanasambandar Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Srinivasa Nagar Thirunanasambandar Street has changed

The guideline value for Srinivasa Nagar Thirunanasambandar Street has seen several revisions over the years. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are from 2023 and 2024, with the 2023 revision set at Rs 3,500 per sq.ft, which increased by 10% to Rs 3,850 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register for the aforementioned years. The significant change from 2023 to 2024 reflects the current valuation of Rs 3,850 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value of Rs 3,850 per sq.ft for Srinivasa Nagar Thirunanasambandar Street is above this median.

Stamp duty and registration fee for property in Srinivasa Nagar Thirunanasambandar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Srinivasa Nagar Thirunanasambandar Street?

The Sub Registrar Office that covers Srinivasa Nagar Thirunanasambandar Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a critical factor in property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

When a property is registered, the guideline value is used to ensure that the transaction is recorded at a value that reflects the current market conditions. This ensures transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar Thirunanasambandar Street?

The current guideline value of Srinivasa Nagar Thirunanasambandar Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for this street?

The land classification for Srinivasa Nagar Thirunanasambandar Street is Residential Class I Type - I. This classification indicates the type of development permissible in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 3,46,500.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Srinivasa Nagar Thirunanasambandar Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more information through the provided link.