Guideline Value

Corporate

Guideline Value for Aravind Farms

₹275/sq.ft.

The guideline value for Aravind Farms in Sirungavoor village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirungavoor

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹9 /sq.ft.
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]

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Aravind Farms guideline value

The current guideline value of Aravind Farms in Sirungavoor village is Rs 275 per sq.ft, effective from 1 July 2024. This property falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Aravind Farms has changed

The guideline value for Aravind Farms has seen several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 9 per sq.ft. This figure significantly increased to Rs 200 per sq.ft in 2007, marking a change of +2122%. The value then rose to Rs 250 per sq.ft in 2012, a decrease of -33%. In 2017, the guideline value was revised to Rs 167 per sq.ft, and then it jumped to Rs 250 per sq.ft in 2023, reflecting a +50% increase. The most recent revision in 2024 set the value at Rs 275 per sq.ft, which is a +10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +2956%, showcasing the significant changes over the years.

Guideline values in Sirungavoor

In Sirungavoor, there are 24 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, which is equal to the current value of Aravind Farms.

Stamp duty and registration fee for property in Aravind Farms

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, making the total cost for these fees Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aravind Farms?

The Sub Registrar Office covering Aravind Farms 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 Sirungavoor

The guideline value plays a crucial role when buying or selling property in Sirungavoor. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is sold, the guideline value is considered for calculating the applicable duties. If the sale price is higher than the guideline value, the duty is charged on the sale price instead. Therefore, understanding the guideline value is essential for both buyers and sellers in Sirungavoor.

Frequently asked questions

What is the current guideline value of Aravind Farms?

The current guideline value of Aravind Farms is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting an overall increase of +2956% over this period.

What are the stamp duty and registration fees for Aravind Farms?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,75,000. The stamp duty at 7% is Rs 19,250, and the registration fee at 2% is Rs 5,500, totaling Rs 24,750.

Which office handles registrations for Aravind Farms?

The Redhills Sub Registrar Office handles registrations for Aravind Farms, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is important for buyers and sellers to be aware of the current guideline value to ensure accurate calculations.