Guideline Value

Corporate

Guideline Value for CHELLIAMMAN NAGAR

₹440/sq.ft.

The guideline value for Chelliamman Nagar in Nallur village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Nallur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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 Chelliamman Nagar

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Chelliamman Nagar guideline value

The current guideline value of Chelliamman Nagar, located in Nallur village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Chelliamman Nagar has changed

The guideline value for Chelliamman Nagar has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 400 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 268 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, and in the latest 2024 revision, it rose again to Rs 440 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 400 in 2012 to Rs 440 in 2024, which reflects an overall increase of 10% over this period. The revisions for the years 2002, 2003, and 2007 do not have any recorded figures for this street.

Guideline values in Nallur

Nallur village has 39 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,650 per sq.ft, with a median value of Rs 550 per sq.ft. Chelliamman Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Chelliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. 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.

Which Sub Registrar Office covers Chelliamman Nagar?

The Sub Registrar Office that covers Chelliamman 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 Nallur

The guideline value is a crucial factor in property transactions in Nallur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value will be used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Additionally, the guideline value serves as a benchmark for property transactions, providing a reference point for buyers and sellers. It is essential to be aware of the current guideline value when engaging in property dealings in the area.

Frequently asked questions

What is the current guideline value of Chelliamman Nagar?

The current guideline value of Chelliamman Nagar is Rs 440 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 2012 to Rs 440 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 268 per sq.ft in 2017 and an increase to Rs 400 per sq.ft in 2023.

What is the land classification for Chelliamman Nagar?

The land classification for Chelliamman Nagar is Residential Class III Type - I.

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

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

How is stamp duty calculated for properties in Chelliamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 4,40,000, leading to a stamp duty of Rs 30,800.