Guideline Value

Corporate

Guideline Value for Srinivasan Nagar

₹3520/sq.ft.

The guideline value for Srinivasan Nagar in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹500 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹217 /sq.ft.
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 Srinivasan Nagar

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Srinivasan Nagar guideline value

The current guideline value of Srinivasan Nagar, located in Porur village under the Kunrathur SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Srinivasan Nagar has changed

The guideline value for Srinivasan Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 217 per sq.ft. This figure increased to Rs 500 per sq.ft in 2003, marking a significant rise of 130%. The value continued to grow, reaching Rs 750 per sq.ft in 2007, which was a 50% increase from the previous revision. By 2012, the value had jumped to Rs 3,200 per sq.ft, a remarkable increase of 327%. However, it saw a decrease of 33% to Rs 2,144 per sq.ft in 2017. The 2023 revision set the value at Rs 3,200 per sq.ft, and the latest revision in 2024 raised it to Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,522%. There are no figures available for the revisions in years not specified in the register for this street.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Srinivasan Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Srinivasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Srinivasan Nagar?

The Sub Registrar Office that covers Srinivasan Nagar 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 Porur

The guideline value is a crucial factor during property registration in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during transactions.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the established legal framework.

Frequently asked questions

What is the current guideline value of Srinivasan Nagar?

The current guideline value of Srinivasan Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 217 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 1,522% over the years.

What is the land classification for Srinivasan Nagar?

The land classification for Srinivasan Nagar is Residential Special Type - II.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with the same guideline value of Rs 3,520 per sq.ft include Sri Ram Nagar, Sri Ram Nagar Cross Road, Sri Ram Nagar IIIrd Main Road, Sri Ram Nagar II nd Main Road, Sri Ram Nagar Ist Main Road, and Sri Ram Nagar Park Street.

Where can I find the Sub Registrar Office for Srinivasan Nagar?

The Sub Registrar Office for Srinivasan Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.