Guideline Value

Corporate

Guideline Value for E.V.R. Periyar Street

₹880/sq.ft.

The guideline value for E.v.r. Periyar Street in Grandlyon 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 Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Grandlyon

Village

Redhills

SRO

Residential Special 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 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹60 /sq.ft.
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 E.v.r. Periyar Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

E.V.R. Periyar Street guideline value

The current guideline value of E.V.R. Periyar Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Grandlyon village, under the jurisdiction of the Redhills SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of E.V.R. Periyar Street has changed

The guideline value for E.V.R. Periyar Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 60 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. Following this, the value rose to Rs 800 per sq.ft in 2012, before dropping to Rs 536 per sq.ft in 2017. The 2023 revision set the value at Rs 800 per sq.ft, and the most recent revision in 2024 has increased it to Rs 880 per sq.ft.

Notably, the changes between revisions have varied. From 2003 to 2007, there was a substantial increase of 900%. However, from 2012 to 2017, the value decreased by 33%. The jump from 2017 to 2023 was a remarkable 49%, and the latest increase from 2023 to 2024 is 10%. Overall, from 2003 to 2024, the guideline value has risen by 1367%.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing E.V.R. Periyar Street's 2024 figure above that median.

Stamp duty and registration fee for property in E.V.R. Periyar 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, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 detailed calculations.

Which Sub Registrar Office covers E.V.R. Periyar Street?

The Sub Registrar Office that covers E.V.R. Periyar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find more information, you can find your SRO.

How the guideline value is used when you buy or sell in Grandlyon

The guideline value plays a crucial role when buying or selling property in Grandlyon. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must ensure that the guideline value is accurately reflected in their transactions to comply with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 E.V.R. Periyar Street?

The current guideline value of E.V.R. Periyar 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 significantly from Rs 60 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 1367% over this period.

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

Other streets in Grandlyon include Elango Street at Rs 660 per sq.ft, Gayathri Nagar at Rs 440 per sq.ft, and Dhanalakshmi Nagar at Rs 440 per sq.ft, among others.

What fees are associated with purchasing property on E.V.R. Periyar Street?

The fees associated with purchasing property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for E.V.R. Periyar Street located?

The Sub Registrar Office for E.V.R. Periyar Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.