Guideline Value

Corporate

Guideline Value for Kanthasamy Nagar

₹1100/sq.ft.

The guideline value for Kanthasamy Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹101 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹993 /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 Kanthasamy Nagar

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Kanthasamy Nagar guideline value

The current guideline value of Kanthasamy Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Kanthasamy Nagar has changed

The guideline value for Kanthasamy Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 993 per sq.ft. This value saw a significant decrease to Rs 101 per sq.ft in 2003, followed by a notable increase to Rs 300 per sq.ft in 2007. The value further rose to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017. The 2023 revision recorded a value of Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase was 11%. The change from 2003 to 2007 was an increase of 197%, while from 2007 to 2012, there was a rise of 167%. However, from 2012 to 2017, the value decreased by 33%. The jump from 2017 to 2023 was 87%, and the increase from 2023 to 2024 is 10%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft as per the 2024 revision. The median guideline value for the area is Rs 1,102 per sq.ft, placing Kanthasamy Nagar's 2024 figure slightly below this median.

Stamp duty and registration fee for property in Kanthasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanthasamy Nagar?

The Sub Registrar Office that covers Kanthasamy Nagar is 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 Puzhal

The guideline value is a crucial factor during the registration of property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kanthasamy Nagar?

The current guideline value of Kanthasamy Nagar is Rs 1,100 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 993 per sq.ft in 2002, dropping to Rs 101 per sq.ft in 2003, and reaching Rs 1,100 per sq.ft in 2024.

What is the classification of land in Kanthasamy Nagar?

Kanthasamy Nagar falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Kanthasamy Nagar?

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

How is stamp duty calculated for property in Kanthasamy 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 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.