Guideline Value

Corporate

Guideline Value for Guna Boosanam Nagar

₹550/sq.ft.

The guideline value for Guna Boosanam Nagar in Vadakarai village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Vadakarai

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹23 /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 Guna Boosanam Nagar

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Guna Boosanam Nagar guideline value

The current guideline value of Guna Boosanam Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vadakarai village, under the Redhills Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Guna Boosanam Nagar has changed

The guideline value for Guna Boosanam Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 23 per sq.ft, which increased to Rs 200 per sq.ft in 2007. This was followed by a rise to Rs 500 per sq.ft in 2012, but then it decreased to Rs 335 per sq.ft in 2017. The value then rose again to Rs 500 per sq.ft in 2023 and is currently set at Rs 550 per sq.ft from the 2024 revision.

Overall, from 2003 to 2024, the guideline value has increased by 2291%. The changes between revisions include a 770% increase from 2003 to 2007, a 150% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figure for the year 2002 for this street.

Guideline values in Vadakarai

In Vadakarai, there are 15 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 1,100 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, making Guna Boosanam Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Guna Boosanam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Guna Boosanam Nagar?

The Guna Boosanam Nagar area falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions in Vadakarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is important to note that the actual sale price may be higher than the guideline value, in which case the stamp duty will be calculated based on the higher amount.

Frequently asked questions

What is the current guideline value of Guna Boosanam Nagar?

The current guideline value of Guna Boosanam Nagar is Rs 550 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 23 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 2291% over this period.

What is the land classification for Guna Boosanam Nagar?

The land classification for Guna Boosanam Nagar is Residential Class II Type - I.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Guna Boosanam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.