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Guideline Value

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Guideline Value for Chandaaprabhu Vegetarian Village Part - 1

₹1100/sq.ft.

The guideline value for Chandaaprabhu Vegetarian Village Part - 1 in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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 Chandaaprabhu Vegetarian Village Part - 1

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Chandaaprabhu Vegetarian Village Part - 1 guideline value

The current guideline value of Chandaaprabhu Vegetarian Village Part - 1 is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Redhills Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Chandaaprabhu Vegetarian Village Part - 1 has changed

The guideline value for Chandaaprabhu Vegetarian Village Part - 1 has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft. It increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 536 per sq.ft in 2017, representing a 33% drop. The value saw a remarkable increase to Rs 1,000 per sq.ft in 2023, which was an 87% rise from the previous figure. The latest revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Puzhal

In Puzhal, 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, with a median of Rs 1,102 per sq.ft. The guideline value of Chandaaprabhu Vegetarian Village Part - 1 is below this median.

Stamp duty and registration fee for property in Chandaaprabhu Vegetarian Village Part - 1

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Chandaaprabhu Vegetarian Village Part - 1?

The Sub Registrar Office covering Chandaaprabhu Vegetarian Village Part - 1 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 Puzhal

The guideline value is a critical factor when registering property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of property.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that the registration process is aligned with the current market standards as defined by the guideline values.

Frequently asked questions

What is the current guideline value of Chandaaprabhu Vegetarian Village Part - 1?

The current guideline value of Chandaaprabhu Vegetarian Village Part - 1 is Rs 1,100 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 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450% over the years.

What are the other streets with similar guideline values in Puzhal?

Other streets in Puzhal with similar guideline values include Chanthaa Prabhu Jain Vegetarian Village, Bhuvaneshwari Nagar, and Bharathiyar Street, all at Rs 1,100 per sq.ft for 2024.

What fees are associated with buying property in Chandaaprabhu Vegetarian Village Part - 1?

When buying property, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 99,000.

Where can I find the Sub Registrar Office for this area?

The Redhills Sub Registrar Office covers Chandaaprabhu Vegetarian Village Part - 1, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.