Guideline Value

Corporate

Guideline Value for Ashok Metrovaram Phase-III

₹770/sq.ft.

The guideline value for Ashok Metrovaram Phase-iii in Perungavur 2 village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungavur 2

Village

Redhills

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹700 /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 Ashok Metrovaram Phase-iii

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Ashok Metrovaram Phase-III guideline value

The current guideline value of Ashok Metrovaram Phase-III is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Perungavur 2 village, under the Redhills SRO, and is classified as Residential Special Type - II.

How the guideline value of Ashok Metrovaram Phase-III has changed

The guideline value for Ashok Metrovaram Phase-III has undergone several revisions over the years. The 2017 revision recorded a guideline value of Rs 700 per sq.ft. This figure remained unchanged until the 2023 revision, which also listed Rs 700 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 770 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register for this street.

Guideline values in Perungavur 2

In Perungavur 2, there are 23 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,100 per sq.ft. The median value among these streets is Rs 275 per sq.ft, placing Ashok Metrovaram Phase-III's 2024 figure above that median.

Stamp duty and registration fee for property in Ashok Metrovaram Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Metrovaram Phase-III?

The Sub Registrar Office that covers Ashok Metrovaram Phase-III 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 Perungavur 2

The guideline value is a crucial factor when buying or selling property in Perungavur 2, as it determines the amount of stamp duty and registration fees payable during the transaction. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value is used to assess the value of the property for taxation purposes. It is essential for both buyers and sellers to understand this value to ensure compliance with legal and financial obligations during the property transaction.

Frequently asked questions

What is the current guideline value of Ashok Metrovaram Phase-III?

The current guideline value of Ashok Metrovaram Phase-III is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, reflecting a 10% increase in the most recent revision. There was no change in the 2023 revision.

What is the land classification for Ashok Metrovaram Phase-III?

Ashok Metrovaram Phase-III is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the registration office for Ashok Metrovaram Phase-III?

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

How is the stamp duty calculated for properties in Ashok Metrovaram Phase-III?

Stamp duty for properties in Ashok Metrovaram Phase-III is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the guideline value.