Guideline Value

Corporate

Guideline Value for GRAND CITY PHASE-I

₹660/sq.ft.

The guideline value for Grand City Phase-i in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Grand City Phase-i

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

Grand City Phase-I guideline value

The current guideline value for Grand City Phase-I, located in Pammathukulam village under the Redhills SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Grand City Phase-I has changed

The guideline value for Grand City Phase-I has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, up from Rs 600 per sq.ft in 2023, marking a 10% increase. Prior to that, the guideline value was Rs 402 per sq.ft in 2017, which reflects a significant increase of 49% from the 2017 figure to the 2023 figure. The 2012 revision also listed the value at Rs 600 per sq.ft, but this was a decrease of 33% from the 2017 revision.

Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. Grand City Phase-I's 2024 guideline value of Rs 660 per sq.ft is above this median.

Stamp duty and registration fee for property in Grand City Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Grand City Phase-I?

The Grand City Phase-I property falls under the jurisdiction of 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 Pammathukulam

The guideline value is a crucial factor when registering property transactions in Pammathukulam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a standard value, preventing undervaluation and ensuring compliance with local regulations. This helps maintain transparency in property transactions within the area.

Frequently asked questions

What is the current guideline value for Grand City Phase-I?

The current guideline value for Grand City Phase-I is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, and from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Grand City Phase-I?

Grand City Phase-I is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Grand City Phase-I?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot at Rs 660 per sq.ft, the total charges would amount to Rs 59,400.

Which Sub Registrar Office covers Grand City Phase-I?

The Redhills Sub Registrar Office covers Grand City Phase-I, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.