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Guideline Value

Corporate

Guideline Value for Church Koil 1st Street

₹1000/sq.ft.

The guideline value for Church Koil 1st Street in Panchetty village (Redhills SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Panchetty

Village

Redhills

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /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 Church Koil 1st Street

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Church Koil 1st Street guideline value

The current guideline value of Church Koil 1st Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Panchetty village under the Redhills SRO, and it is classified as Commercial Class I Type - I.

How the guideline value of Church Koil 1st Street has changed

Over the years, the guideline value for Church Koil 1st Street has seen several revisions. The 2024 revision sets the value at Rs 1,000 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 670 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 1,000 per sq.ft, showing a decrease of 33% from the 2017 figure. The 2007 revision had a value of Rs 700 per sq.ft, which increased by 43% to reach the 2012 value.

The register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 43%.

Guideline values in Panchetty

In Panchetty, there are 46 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,600 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Church Koil 1st Street.

Stamp duty and registration fee for property in Church Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 more details.

Which Sub Registrar Office covers Church Koil 1st Street?

The Sub Registrar Office that covers Church Koil 1st Street 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 Panchetty

The guideline value plays a crucial role in the registration process of property transactions in Panchetty. It is used to determine the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Church Koil 1st Street?

The current guideline value of Church Koil 1st Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, with several revisions in between. The value has increased by 49% from 2017 to 2023 and has remained at Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Church Koil 1st Street?

Church Koil 1st Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Redhills Sub Registrar Office?

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

How is the stamp duty calculated for property in Church Koil 1st Street?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.