Guideline Value

Corporate

Guideline Value for ASHOK METROVARAM

₹650/sq.ft.

The guideline value for Ashok Metrovaram in Sirungavoor village (Redhills SRO, Chennai zone) is Rs 650 per sq.ft, effective 1 July 2024. It was Rs 598 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirungavoor

Village

Redhills

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹650 /sq.ft.
From 1-4-2023 ₹598 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹400 /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]

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ashok Metrovaram guideline value

The current guideline value of Ashok Metrovaram is Rs 650 per sq.ft, effective from 1 July 2024. This area is located in Sirungavoor village, under the Redhills SRO, with a land classification of Residential Special Type - II.

How the guideline value of Ashok Metrovaram has changed

The guideline value for Ashok Metrovaram has undergone several revisions over the years. The most recent revision in 2024 sets the value at Rs 650 per sq.ft, an increase from Rs 598 per sq.ft in the 2023 revision, which represents a 9% rise. Prior to that, the 2017 revision recorded the guideline value at Rs 400 per sq.ft, marking a significant increase of 50% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 63%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sirungavoor

In Sirungavoor, there are 24 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 275 per sq.ft. The guideline value for Ashok Metrovaram is above this median, indicating a higher valuation compared to many other streets in the village.

Stamp duty and registration fee for property in Ashok Metrovaram

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be Rs 6,50,000. The stamp duty at 7% would amount to Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total cost for these fees to Rs 58,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Metrovaram?

The Sub Registrar Office that covers Ashok Metrovaram 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 more details.

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

The guideline value is a crucial factor when registering property transactions in Sirungavoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Metrovaram?

The current guideline value of Ashok Metrovaram is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2017 to Rs 650 per sq.ft in 2024, representing an overall increase of 63% over this period.

What are the other streets in Sirungavoor and their values?

Other streets in Sirungavoor include Aravind Farms, Anna Nagar, Iswariya Nagar, Kamalammal Nagar, Lakshmi Nagar, and Padmavathi Nagar, with values ranging from Rs 275 to Rs 440 per sq.ft in 2024.

What fees are associated with buying property in Ashok Metrovaram?

When buying property in Ashok Metrovaram, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For example, for a property valued at Rs 6,50,000, the total fees would be Rs 58,500.

Where can I find the Sub Registrar Office for Ashok Metrovaram?

The Sub Registrar Office for Ashok Metrovaram is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.