Guideline Value

Corporate

Guideline Value for Dr. Vaideeswaran 1st Street

₹1650/sq.ft.

The guideline value for Dr. Vaideeswaran 1st Street in Naravarikuppam village (Redhills SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 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

Naravarikuppam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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. Vaideeswaran 1st Street

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Dr. Vaideeswaran 1st Street guideline value

The current guideline value of Dr. Vaideeswaran 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Naravarikuppam village under the Redhills SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Dr. Vaideeswaran 1st Street has changed

In the 2007 revision, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 275% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. Following this, the 2023 revision set the value at Rs 1,500 per sq.ft, which then rose to Rs 1,650 per sq.ft in the 2024 revision, representing a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO, with 2024 guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Dr. Vaideeswaran 1st Street.

Stamp duty and registration fee for property in Dr. Vaideeswaran 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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. Vaideeswaran 1st Street?

The Sub Registrar Office that covers Dr. Vaideeswaran 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 Naravarikuppam

The guideline value is crucial during property transactions as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

When registering a property, the guideline value helps in assessing the transaction's legitimacy and ensures that the government receives appropriate revenue through stamp duty. It serves as a benchmark for property transactions in Naravarikuppam.

Frequently asked questions

What is the current guideline value of Dr. Vaideeswaran 1st Street?

The current guideline value of Dr. Vaideeswaran 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has gone through several revisions, starting from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, representing an overall increase of 313%.

What is the land classification for Dr. Vaideeswaran 1st Street?

Dr. Vaideeswaran 1st Street is classified as Residential Class II Type - I.

Where can I find the registration office for this street?

The registration office for Dr. Vaideeswaran 1st Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.