Guideline Value

Corporate

Guideline Value for Karikal Cholan Salai

₹660/sq.ft.

The guideline value for Karikal Cholan Salai in Grandlyon village (Redhills SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 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

Grandlyon

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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 Karikal Cholan Salai

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Karikal Cholan Salai guideline value

The current guideline value of Karikal Cholan Salai is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Grandlyon village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Karikal Cholan Salai has changed

The guideline value for Karikal Cholan Salai has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 300 per sq.ft. This value increased to Rs 600 per sq.ft in 2012, marking a significant rise of 100%. However, in 2017, it dropped to Rs 402 per sq.ft, a decrease of 33%. The value then saw a notable increase to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in 2024, which is a 10% rise from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 120%. The changes between the revisions highlight the fluctuations in the guideline value, with the most significant increase occurring between 2017 and 2023, where it rose by 49%.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, which is equal to the current figure for Karikal Cholan Salai.

Stamp duty and registration fee for property in Karikal Cholan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karikal Cholan Salai?

The Sub Registrar Office that covers Karikal Cholan Salai 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 Grandlyon

The guideline value plays a crucial role in the registration process when buying or selling property in Grandlyon. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized and documented.

When a property is sold, the buyer and seller must refer to the guideline value to calculate the applicable fees. This value is essential for ensuring compliance with local regulations and for determining the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Karikal Cholan Salai?

The current guideline value of Karikal Cholan Salai is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, with various increases and decreases in between, including a notable rise of 49% from 2017 to 2023.

What are the other streets in Grandlyon with similar guideline values?

Other streets in Grandlyon with similar guideline values include Karalmarks Nagar and Kattabomman Street, both at Rs 660 per sq.ft in 2024.

Where can I find the Redhills Sub Registrar Office?

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

How is stamp duty calculated for properties in Karikal Cholan Salai?

Stamp duty for properties in Karikal Cholan Salai is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 46,200 based on the current guideline value.