Guideline Value

Corporate

Guideline Value for Aandal Nagar

₹1102/sq.ft.

The guideline value for Aandal Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹67 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹662 /sq.ft.
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 Aandal Nagar

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Aandal Nagar guideline value

The current guideline value of Aandal Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,102 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Aandal Nagar has changed

The guideline value of Aandal Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 662 per sq.ft. This figure saw a significant drop to Rs 67 per sq.ft in 2003, followed by an increase to Rs 200 per sq.ft in 2007. The value then rose sharply to Rs 700 per sq.ft in 2012, but decreased to Rs 469 per sq.ft by 2017. A notable increase was observed from 2017 to 2023, where the value jumped to Rs 1,000 per sq.ft. The latest revision in 2024 set the value at Rs 1,102 per sq.ft, marking a 10% increase from the previous year.

Between the years, the changes in guideline value were as follows: from 2002 to 2003, there was a decrease of 90%. From 2003 to 2007, the value increased by 199%. The next revision from 2007 to 2012 saw a rise of 250%, followed by a decrease of 33% from 2012 to 2017. The jump from 2017 to 2023 was 113%, and finally, the increase from 2023 to 2024 was 10%. Overall, from 2002 to 2024, the guideline value has increased by 66%.

Guideline values in Puzhal

In Puzhal village, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, which is equal to the guideline value of Aandal Nagar.

Stamp duty and registration fee for property in Aandal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, totaling Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Aandal Nagar?

The Sub Registrar Office that covers Aandal Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the property registration process in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aandal Nagar?

The current guideline value of Aandal Nagar is Rs 1,102 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 662 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, with various increases and decreases over the years.

What is the land classification for Aandal Nagar?

Aandal Nagar falls under the Residential Class III Type - I land classification.

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

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

How is stamp duty calculated for properties in Aandal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,02,000, the stamp duty would be calculated at 7% of this amount.