Guideline Value

Corporate

Guideline Value for Srinivasa Perumal Nagar

₹200/sq.ft.

The guideline value for Srinivasa Perumal Nagar in Koozhangacheri village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Koozhangacheri

Village

Sunguvarchattram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹25 /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)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Srinivasa Perumal Nagar

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Srinivasa Perumal Nagar guideline value

The current guideline value of Srinivasa Perumal Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Koozhangacheri village under the Sunguvarchattram SRO, classified as Residential Class III Type - I.

How the guideline value of Srinivasa Perumal Nagar has changed

Over the years, the guideline value for Srinivasa Perumal Nagar has seen several revisions. The 2007 revision set the value at Rs 25 per sq.ft, which then increased significantly to Rs 200 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 134 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 200 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 was a remarkable 700%, while the decrease from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Koozhangacheri

Koozhangacheri village has 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 226 per sq.ft, placing Srinivasa Perumal Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Srinivasa Perumal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Perumal Nagar?

The Sub Registrar Office that covers Srinivasa Perumal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koozhangacheri. It serves as a benchmark for determining the stamp duty and registration fees, which are essential components of the transaction costs.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is standardized and reflects the current value of the property in the market.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Nagar?

The current guideline value of Srinivasa Perumal Nagar is Rs 200 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 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and has remained at Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Koozhangacheri?

The median guideline value in Koozhangacheri is Rs 226 per sq.ft, indicating that Srinivasa Perumal Nagar's 2024 figure is below this median.

What are the stamp duty rates for property in Srinivasa Perumal Nagar?

The stamp duty rate for property in Srinivasa Perumal Nagar is 7%, while the registration fee is 2%. These rates are applied to the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Srinivasa Perumal Nagar located?

The Sub Registrar Office for Srinivasa Perumal Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.