Guideline Value

Corporate

Guideline Value for G.N.T. Road

₹2750/sq.ft.

The guideline value for G.n.t. Road in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padiyanallur

Village

Redhills

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹450 /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 G.n.t. Road

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G.N.T. Road guideline value

The current guideline value of G.N.T. Road in Padiyanallur village, under the Redhills SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of G.N.T. Road has changed

The guideline value for G.N.T. Road has undergone several revisions over the years. Starting from Rs 450 per sq.ft in 2003, it increased to Rs 700 per sq.ft in 2007, marking a significant rise of 56%. The value then saw a substantial jump to Rs 2,500 per sq.ft in 2012, reflecting a 257% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, which was a decline of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has increased by 10% to reach Rs 2,750 per sq.ft in 2024.

It is important to note that the register has no figure for G.N.T. Road in 2002. Overall, from 2003 to 2024, the guideline value has increased by 511%.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value is Rs 770 per sq.ft, placing G.N.T. Road's 2024 figure above that median.

Stamp duty and registration fee for property in G.N.T. Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.N.T. Road?

The G.N.T. Road is covered by 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 details.

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

The guideline value is a crucial factor in property transactions in Padiyanallur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, ensuring that the transaction adheres to legal requirements.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of G.N.T. Road?

The current guideline value of G.N.T. Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 511% over this period.

What is the registration office for G.N.T. Road?

The registration office for G.N.T. Road 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 on G.N.T. Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at Rs 2,750 per sq.ft, the stamp duty would be Rs 1,92,500.

What are the other guideline values in Padiyanallur?

In Padiyanallur, the guideline values for other streets range from Rs 385 to Rs 2,750 per sq.ft, with a median value of Rs 770 per sq.ft. G.N.T. Road's value is above this median.