Guideline Value

Corporate

Guideline Value for 7 HILLS GARDEN

₹700/sq.ft. (2023)

The guideline value for 7 Hills Garden in Nallur_2 village (Redhills SRO, Chennai zone) was last notified at Rs 700 per sq.ft (1 April 2023 revision); no 2024 rate has been published for this street. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nallur_2

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 N/A
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 7 Hills Garden

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7 Hills Garden guideline value

The current guideline value of 7 Hills Garden is Rs 700 per sq.ft, as per the 2023 revision. This property is located in Nallur_2 village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of 7 Hills Garden has changed

The guideline value of 7 Hills Garden has undergone changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft. The most recent revision in 2023 saw an increase of 49%, bringing the guideline value to Rs 700 per sq.ft.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

Guideline values in Nallur_2

Currently, there are no specific village figures available for Nallur_2. The guideline value of 7 Hills Garden sits within this locality, which is under the jurisdiction of the Redhills SRO.

Stamp duty and registration fee for property in 7 Hills Garden

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 7 Hills Garden?

The Sub Registrar Office that covers 7 Hills Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is an essential factor in the registration process when buying or selling property in Nallur_2. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps to establish the minimum value for taxation purposes. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value and the sale price, which can impact the overall transaction costs.

Frequently asked questions

What is the current guideline value of 7 Hills Garden?

The current guideline value of 7 Hills Garden is Rs 700 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 700 per sq.ft in 2023, marking a change of 49%.

Are there any guideline value figures for 2024?

No, the register has no figure for the guideline value of 7 Hills Garden for the year 2024.

What is the registration office for 7 Hills Garden?

The Redhills Sub Registrar Office covers 7 Hills Garden, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Nallur_2?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current rate incurs a stamp duty of Rs 49,000.