Guideline Value

Corporate

Guideline Value for Grand City

₹660/sq.ft.

The guideline value for Grand City 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 N/A
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

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 guideline value

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

How the guideline value of Grand City has changed

Since the 2017 revision, the guideline value of Grand City has seen significant changes. The 2017 revision set the value at Rs 402 per sq.ft, which increased to Rs 600 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision has further increased the value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO with 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’s 2024 guideline value of Rs 660 per sq.ft is above this median.

Stamp duty and registration fee for property in Grand City

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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?

The Grand City area falls under 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 plays a crucial role in the registration process when buying or selling property in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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 necessary fees. This ensures that all transactions are assessed fairly and transparently based on the established guideline values.

Frequently asked questions

What is the current guideline value of Grand City?

The current guideline value of Grand City is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Grand City has increased from Rs 402 per sq.ft in 2017 to Rs 660 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

Other streets in Pammathukulam include Grand City Phase-I and Green Acres at Rs 660 per sq.ft, Indhra Nagar at Rs 550 per sq.ft, and Green Park and Green Park Chennai Meadows at Rs 330 per sq.ft, all for the year 2024.

What is the registration fee for property in Grand City?

The registration fee for property in Grand City is calculated based on the guideline value or sale price, whichever is higher. For a property valued at Rs 6,60,000, the registration fee would be Rs 13,200 at a rate of 2%.

Which office handles the registration for Grand City?

The Redhills Sub Registrar Office handles registration for Grand City, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.