Guideline Value

Corporate

Guideline Value for Chidhambaram Nagar

₹1102/sq.ft.

The guideline value for Chidhambaram Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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 ₹709 /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 Chidhambaram Nagar

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Chidhambaram Nagar guideline value

The current guideline value of Chidhambaram Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024. This locality is situated in Puzhal village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chidhambaram Nagar has changed

The guideline value of Chidhambaram Nagar has undergone several revisions over the years. In 2002, the value was Rs 709 per sq.ft, which decreased to Rs 200 per sq.ft in 2007. Following this, the value increased significantly to Rs 700 per sq.ft in 2012, then dropped to Rs 469 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,102 per sq.ft. There is no figure available for this street in the 2003 revision.

When examining the changes between these revisions, there was a notable increase of 250% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then saw an increase of 113% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 55%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The 2024 guideline value of Chidhambaram Nagar is equal to the median value of Rs 1,102 per sq.ft in this area.

Stamp duty and registration fee for property in Chidhambaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, while the registration fee at 2% would be Rs 22,040, leading to a total of Rs 99,180. 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 Chidhambaram Nagar?

The Sub Registrar Office that covers Chidhambaram 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 Puzhal

The guideline value plays a crucial role during property transactions in Puzhal. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware that the guideline value is an important factor in the legal and financial aspects of property transactions.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the property market. It is essential for both parties to understand the implications of the guideline value on their financial commitments during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Chidhambaram Nagar?

The current guideline value of Chidhambaram Nagar is Rs 1,102 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 709 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, reflecting an overall increase of 55% over this period.

What is the registration office for properties in Chidhambaram Nagar?

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

What are the stamp duty rates applicable in Chidhambaram Nagar?

The stamp duty rate applicable in Chidhambaram Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

What other streets in Puzhal have the same guideline value?

Other streets in Puzhal that share the same guideline value of Rs 1,100 per sq.ft include Chanthaa Prabhu Jain Vegetarian Village, Chandaaprabhu Vegetarian Village Part - 1, Bhuvaneshwari Nagar, Bharathiyar Street, and Bharathi Street.