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Guideline Value

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Guideline Value for Dr. M. Varadaharasanar Street

₹880/sq.ft.

The guideline value for Dr. M. Varadaharasanar Street in Thandalkazhani village (Redhills SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 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

Thandalkazhani

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /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 ₹300 /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 Dr. M. Varadaharasanar Street

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Dr. M. Varadaharasanar Street guideline value

The current guideline value of Dr. M. Varadaharasanar Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thandalkazhani village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Dr. M. Varadaharasanar Street has changed

The guideline value for Dr. M. Varadaharasanar Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 167% rise. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a 33% drop. The value surged again to Rs 800 per sq.ft in 2023, and finally reached Rs 880 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register does not contain figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 193%. The changes between the revisions highlight fluctuations in the guideline value, with the most notable increase of 49% occurring between 2017 and 2023.

Guideline values in Thandalkazhani

In Thandalkazhani village, the 2024 guideline values for 27 streets under the Redhills SRO range from Rs 660 to Rs 2,750 per sq.ft, with a median value of Rs 880 per sq.ft. Dr. M. Varadaharasanar Street's 2024 guideline value matches this median.

Stamp duty and registration fee for property in Dr. M. Varadaharasanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 Dr. M. Varadaharasanar Street?

The Sub Registrar Office that covers Dr. M. Varadaharasanar 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 Thandalkazhani

The guideline value is a crucial factor when registering property transactions in Thandalkazhani. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the appropriate fees are calculated. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dr. M. Varadaharasanar Street?

The current guideline value of Dr. M. Varadaharasanar Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the other streets in Thandalkazhani with their guideline values?

Other streets in Thandalkazhani include Gandhi Street at Rs 1,210 per sq.ft, Chandrabose Nagar and Kamarajar Street both at Rs 880 per sq.ft, and Bye Pass Road, Gnt Road, and Gomathi Nagar In Sivaram city at Rs 2,750 per sq.ft.

What are the fees associated with buying property on Dr. M. Varadaharasanar Street?

The fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 79,200.

Where is the Sub Registrar Office for Dr. M. Varadaharasanar Street located?

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