Guideline Value

Corporate

Guideline Value for Chengalamman Nagar Annex

₹440/sq.ft.

The guideline value for Chengalamman Nagar Annex 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 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹212 /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 Chengalamman Nagar Annex

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Chengalamman Nagar Annex guideline value

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

How the guideline value of Chengalamman Nagar Annex has changed

The guideline value for Chengalamman Nagar Annex has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 212 per sq.ft, which then decreased to Rs 22 per sq.ft in 2003. Following this, the value increased significantly by 809% to reach Rs 200 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 400 per sq.ft, marking a 100% increase. However, it then dropped by 33% to Rs 268 per sq.ft in 2017. The value continued to increase, reaching Rs 400 per sq.ft in 2023, before finally rising to Rs 440 per sq.ft in the 2024 revision, a change of 10%.

In summary, the guideline value for Chengalamman Nagar Annex has increased from Rs 212 per sq.ft in 2002 to Rs 440 per sq.ft in 2024, which represents an overall increase of 108%. There are no figures for the years not listed in the register for this street.

Guideline values in Nallur

Nallur village has a total of 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. Chengalamman Nagar Annex's 2024 figure is below this median.

Stamp duty and registration fee for property in Chengalamman Nagar Annex

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 fees together to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chengalamman Nagar Annex?

The Chengalamman Nagar Annex is covered by 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 an essential factor in the registration of property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process. Buyers and sellers must consider this value to comply with legal requirements during property registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Chengalamman Nagar Annex?

The current guideline value for Chengalamman Nagar Annex 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 212 per sq.ft in 2002 to Rs 440 per sq.ft in 2024, with various increments and decrements over the years.

What are the other streets with guideline values in Nallur?

Other streets in Nallur include Chelliamman Nagar, Chelliamman Koil Street, Chelliamman Koil 2nd Cross Street, Chelliamman Koil 1st Cross Street, Dhanalakshmi Nagar, and Balasubramanian Nagar, with values ranging from Rs 440 to Rs 550 per sq.ft in 2024.

Where is the Redhills Sub Registrar Office located?

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

How is stamp duty calculated for properties in Chengalamman Nagar Annex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.