Guideline Value

Corporate

Guideline Value for DEEPAM LAKE VIEW GARDEN

₹550/sq.ft.

The guideline value for Deepam Lake View Garden in Pothur village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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 Deepam Lake View Garden

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Deepam Lake View Garden guideline value

The current guideline value of Deepam Lake View Garden in Pothur village, under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Deepam Lake View Garden has changed

The guideline value for Deepam Lake View Garden has seen several revisions over the years. In 2012, the value was recorded at Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Pothur

Pothur village has a total of 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which matches the current value for Deepam Lake View Garden.

Stamp duty and registration fee for property in Deepam Lake View Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that 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 Deepam Lake View Garden?

The Sub Registrar Office that covers Deepam Lake View Garden 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 Pothur

The guideline value is a crucial factor when registering property in Pothur. It serves as a benchmark for determining the value of the property for stamp duty and registration fees. Buyers and sellers must be aware that the guideline value can influence the overall cost of the transaction.

During the registration process, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Deepam Lake View Garden?

The current guideline value of Deepam Lake View Garden is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Deepam Lake View Garden?

Deepam Lake View Garden is classified as Residential Class I Type - I under the land classification system.

Where can I find the registration office for Deepam Lake View Garden?

The registration office for Deepam Lake View Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Deepam Lake View Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.