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Guideline Value

Corporate

Guideline Value for KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE)

₹1165/sq.ft.

The guideline value for Kumaran Nagar Part Vi Extn (sridhar Avenue) in Sholavaram village (Redhills SRO, Chennai zone) is Rs 1165 per sq.ft, effective 1 July 2024. It was Rs 1060 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholavaram

Village

Redhills

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1165 /sq.ft.
From 1-4-2023 ₹1060 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Kumaran Nagar Part Vi Extn (sridhar Avenue)

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KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) guideline value

The current guideline value for KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) is Rs 1,165 per sq.ft, effective from 1 July 2024. This property is located in Sholavaram village and falls under the Redhills SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) has changed

The guideline value for KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,060 per sq.ft, which increased by 10% to Rs 1,165 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline values over the years, with the most recent change occurring between 2023 and 2024. The current value is a notable rise compared to the previous year.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) above this median.

Stamp duty and registration fee for property in KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE)

For a 1,000 sq.ft plot at the current rate of Rs 1,165 per sq.ft, the guideline value amounts to Rs 11,65,000. The stamp duty at 7% would be Rs 81,550, and the registration fee at 2% would be Rs 23,300, totaling Rs 1,04,850. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE)?

The Sub Registrar Office that covers KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE)?

The current guideline value for KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) is Rs 1,165 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,060 per sq.ft in 2023 to Rs 1,165 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE)?

The land classification for KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) is Residential Special Type - II.

Where can I find the registration office for this property?

The registration office for KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in this area?

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 total stamp duty and registration fees would amount to Rs 1,04,850.