Guideline Value

Corporate

Guideline Value for Srinivasa Nagar

₹880/sq.ft.

The guideline value for Srinivasa Nagar in Kolumanivakkam village (Kunrathur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolumanivakkam

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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 Srinivasa Nagar

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Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Kolumanivakkam village under the Kunrathur SRO, is Rs 880 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - III.

How the guideline value of Srinivasa Nagar has changed

The guideline value for Srinivasa Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, in the 2017 revision, it decreased to Rs 536 per sq.ft, a drop of 33%. The value then rose again to Rs 800 per sq.ft in 2023, followed by a 10% increase to Rs 880 per sq.ft in the 2024 revision.

In summary, from the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 340%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median value for the area is Rs 1,350 per sq.ft, which means that the guideline value of Srinivasa Nagar is below this median.

Stamp duty and registration fee for property in Srinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process of property transactions in Kolumanivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value as it affects the overall cost of the transaction. The registration office will use this value to calculate the applicable fees, which are necessary for legally transferring property ownership.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty and registration fees for property in Srinivasa Nagar?

For a plot of 1,000 sq.ft at the guideline value of Rs 880 per sq.ft, the total guideline value is Rs 8,80,000. The stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Srinivasa Nagar?

The Kunrathur Sub Registrar Office covers Srinivasa Nagar, located at No.59, Road Street, Kundrathur, Chennai - 600 069.

What are the guideline values of other streets in Kolumanivakkam?

Other streets in Kolumanivakkam have varying guideline values, with rates ranging from Rs 880 to Rs 3,290 per sq.ft. For example, Srinath Nagar is valued at Rs 1,930 per sq.ft, while Sri Maruthi Nagar and Sri Rajarajeswari Nagar are both at Rs 880 per sq.ft.