Guideline Value

Corporate

Guideline Value for K.V.K. Swamy Street

₹1102/sq.ft.

The guideline value for K.v.k. Swamy Street in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹66 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹650 /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 K.v.k. Swamy Street

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K.V.K. Swamy Street guideline value

The current guideline value of K.V.K. Swamy Street is Rs 1,102 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the Redhills Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of K.V.K. Swamy Street has changed

The guideline value for K.V.K. Swamy Street has seen several revisions over the years. In 2002, the value was Rs 650 per sq.ft, which changed to Rs 66 per sq.ft in 2003. The value then increased significantly to Rs 200 per sq.ft in 2007, followed by a substantial rise to Rs 700 per sq.ft in 2012. However, it decreased to Rs 469 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,102 per sq.ft as of the 2024 revision.

Between the revisions, notable changes include a 250% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then increased by 113% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. There are no figures available for revisions prior to 2002 and after 2024 for this street.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, which is equal to the current guideline value of K.V.K. Swamy Street.

Stamp duty and registration fee for property in K.V.K. Swamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total fees to Rs 99,180. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.V.K. Swamy Street?

K.V.K. Swamy Street 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 Puzhal

The guideline value is a crucial factor when buying or selling property in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate stamp duty and registration fees based on the property's value.

When registering a property, the buyer must pay stamp duty and registration fees calculated on the higher of the guideline value or the sale price. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of K.V.K. Swamy Street?

The current guideline value of K.V.K. Swamy Street is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 650 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024. Notable changes include a significant increase of 250% from 2007 to 2012 and a 113% rise from 2017 to 2023.

What is the land classification for K.V.K. Swamy Street?

The land classification for K.V.K. Swamy Street is Residential Class III Type - I, indicating its designation for residential purposes.

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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 1,102 per sq.ft, the total fees would amount to Rs 99,180.