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Guideline Value

Corporate

Guideline Value for Erattamalai Srinivasan Street

₹1100/sq.ft.

The guideline value for Erattamalai Srinivasan Street in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /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 ₹102 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1005 /sq.ft.
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 Erattamalai Srinivasan Street

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Erattamalai Srinivasan Street guideline value

The current guideline value of Erattamalai Srinivasan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village and falls under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Erattamalai Srinivasan Street has changed

The guideline value for Erattamalai Srinivasan Street has undergone several revisions over the years. In 2002, the guideline value was Rs 1,005 per sq.ft. This figure saw a significant decrease in 2003, dropping to Rs 102 per sq.ft. The value then increased to Rs 300 per sq.ft in 2007, followed by a substantial rise to Rs 800 per sq.ft in 2012. However, in 2017, the guideline value decreased to Rs 536 per sq.ft. The most recent revision in 2023 set the value at Rs 1,000 per sq.ft, and it has now increased to Rs 1,100 per sq.ft in 2024.

In terms of percentage changes, from 2002 to 2024, the overall increase is +9%. The value rose by +194% from 2003 to 2007, +167% from 2007 to 2012, but then decreased by -33% from 2012 to 2017. The value increased by +87% from 2017 to 2023, and the latest change from 2023 to 2024 is +10%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Erattamalai Srinivasan Street is slightly below this median.

Stamp duty and registration fee for property in Erattamalai Srinivasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Erattamalai Srinivasan Street?

The Sub Registrar Office that covers Erattamalai Srinivasan 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 Puzhal

The guideline value is a critical factor when buying or selling property in Puzhal. It serves as a benchmark for determining the registration fees and stamp duties applicable during the property registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the fees are based on a standardized value, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Erattamalai Srinivasan Street?

The current guideline value of Erattamalai Srinivasan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Erattamalai Srinivasan Street?

The land classification for Erattamalai Srinivasan Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Erattamalai Srinivasan Street 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 Puzhal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total guideline value is Rs 11,00,000, leading to applicable stamp duty and registration fees.