Guideline Value

Corporate

Guideline Value for KULANTHAI YESU NAGAR PHASE - II

₹275/sq.ft.

The guideline value for Kulanthai Yesu Nagar Phase - Ii in Perungavur village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 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

Perungavur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /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 Kulanthai Yesu Nagar Phase - Ii

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Kulanthai Yesu Nagar Phase - II guideline value

The current guideline value of Kulanthai Yesu Nagar Phase - II is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village and falls under the Redhills SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kulanthai Yesu Nagar Phase - II has changed

The guideline value for Kulanthai Yesu Nagar Phase - II has seen several revisions over the years. In 2012, the value was Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value up to Rs 250 per sq.ft. The latest revision in 2024 set the guideline value at Rs 275 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 275 per sq.ft, which is equal to the current guideline value for Kulanthai Yesu Nagar Phase - II. Below are the guideline values for other streets in Perungavur:

Stamp duty and registration fee for property in Kulanthai Yesu Nagar Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total charges to Rs 24,750. It is important to 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 Kulanthai Yesu Nagar Phase - II?

The Sub Registrar Office that covers Kulanthai Yesu Nagar Phase - II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Perungavur. It serves as a reference point for calculating the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value as per government regulations. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kulanthai Yesu Nagar Phase - II?

The current guideline value of Kulanthai Yesu Nagar Phase - II is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 250 per sq.ft in 2012, decreasing to Rs 167 per sq.ft in 2017, and then increasing to Rs 250 per sq.ft in 2023. The latest revision in 2024 set it at Rs 275 per sq.ft.

What is the land classification for Kulanthai Yesu Nagar Phase - II?

The land classification for Kulanthai Yesu Nagar Phase - II is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kulanthai Yesu Nagar Phase - II?

The Redhills Sub Registrar Office covers Kulanthai Yesu Nagar Phase - II, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Kulanthai Yesu Nagar Phase - II?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 19,250.