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Guideline Value

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Guideline Value for Kanthasamy Nagar & V.T. Arasu Nagar

₹1000/sq.ft.

The guideline value for Kanthasamy Nagar & V.t. Arasu Nagar in Chettimedu village (Redhills SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 100% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chettimedu

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /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 ₹400 /sq.ft.
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 Kanthasamy Nagar & V.t. Arasu Nagar

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Kanthasamy Nagar & V.T. Arasu Nagar guideline value

The current guideline value for Kanthasamy Nagar & V.T. Arasu Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Chettimedu village, under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of Kanthasamy Nagar & V.T. Arasu Nagar has changed

The guideline value for Kanthasamy Nagar & V.T. Arasu Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017 before rising significantly to Rs 500 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 1,000 per sq.ft, reflecting a 100% increase from the previous year and a 150% increase from the 2007 figure. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it saw a decrease of 33%. The overall trend from 2007 to 2024 indicates a substantial increase in the guideline value, highlighting the changes in property valuation over time.

Guideline values in Chettimedu

In Chettimedu village, there are 26 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,008 per sq.ft, with a median of Rs 1,002 per sq.ft. The guideline value for Kanthasamy Nagar & V.T. Arasu Nagar is below this median.

Stamp duty and registration fee for property in Kanthasamy Nagar & V.T. Arasu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanthasamy Nagar & V.T. Arasu Nagar?

The Sub Registrar Office that covers Kanthasamy Nagar & V.T. Arasu Nagar 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 details.

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

The guideline value is a crucial factor when registering property transactions in Chettimedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is officially recorded at a value that reflects the current market standards.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Kanthasamy Nagar & V.T. Arasu Nagar?

The current guideline value for Kanthasamy Nagar & V.T. Arasu Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 400 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with notable changes in between.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office located?

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

What is the land classification for Kanthasamy Nagar & V.T. Arasu Nagar?

The land classification for Kanthasamy Nagar & V.T. Arasu Nagar is Residential Special Type - I.