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Guideline Value

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Guideline Value for Aathangarai Syed Ali Fathima Nagar

₹550/sq.ft.

The guideline value for Aathangarai Syed Ali Fathima Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹38 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹367 /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 Aathangarai Syed Ali Fathima Nagar

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Aathangarai Syed Ali Fathima Nagar guideline value

The current guideline value of Aathangarai Syed Ali Fathima Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pammathukulam village and falls under the Redhills SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Aathangarai Syed Ali Fathima Nagar has changed

The guideline value for Aathangarai Syed Ali Fathima Nagar has seen several revisions over the years. In 2002, the value was Rs 367 per sq.ft, which decreased to Rs 38 per sq.ft in 2003. Following this, there was a significant increase to Rs 200 per sq.ft in 2007, followed by a rise to Rs 500 per sq.ft in 2012. However, the value dropped to Rs 335 per sq.ft in 2017, before increasing again to Rs 500 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 50%. The revisions for the years 2012 to 2017 showed a decrease of 33%, while the jump from 2007 to 2012 was 150%. The increase from 2003 to 2007 was a remarkable 426%. The register has no figures for the years not mentioned above.

Guideline values in Pammathukulam

Pammathukulam village has 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with the median value being Rs 550 per sq.ft. The guideline value for Aathangarai Syed Ali Fathima Nagar matches this median value.

Stamp duty and registration fee for property in Aathangarai Syed Ali Fathima Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property.

Which Sub Registrar Office covers Aathangarai Syed Ali Fathima Nagar?

The Sub Registrar Office that covers Aathangarai Syed Ali Fathima Nagar 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammathukulam. It determines the minimum value at which the property can be registered and is used to calculate the stamp duty and registration fees. Buyers should be aware that the guideline value is a key factor in the overall cost of property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Aathangarai Syed Ali Fathima Nagar?

The current guideline value of Aathangarai Syed Ali Fathima Nagar is Rs 550 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 367 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 50% over this period.

What is the stamp duty rate for properties in Aathangarai Syed Ali Fathima Nagar?

The stamp duty rate for properties in Aathangarai Syed Ali Fathima Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Aathangarai Syed Ali Fathima Nagar located?

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

What are the guideline values of other streets in Pammathukulam?

Other streets in Pammathukulam have varying guideline values, with rates ranging from Rs 330 to Rs 825 per sq.ft. For example, Abdul Khadar Avenue has a guideline value of Rs 440 per sq.ft, while Bala Ganesa Nagar is at Rs 820 per sq.ft.