Guideline Value

Corporate

Guideline Value for Modern Town

₹330/sq.ft.

The guideline value for Modern Town in Arumanthi village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumanthi

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
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 Modern Town

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Modern Town guideline value

The current guideline value of Modern Town, located in Arumanthi village under the Redhills SRO, is Rs 330 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Modern Town has changed

The guideline value for Modern Town has undergone several revisions since 2017. The 2017 revision set the value at Rs 201 per sq.ft, which was then increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Arumanthi

In Arumanthi, there are 16 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,100 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Modern Town's 2024 figure above this median.

Stamp duty and registration fee for property in Modern Town

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. 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 Modern Town?

The Sub Registrar Office covering Modern Town is the Redhills Sub Registrar Office. The address is 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 Arumanthi

When buying or selling property in Arumanthi, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This value is periodically revised, and staying updated with these changes can help in making informed decisions.

Frequently asked questions

What is the current guideline value of Modern Town?

The current guideline value of Modern Town is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Arumanthi and their guideline values?

Other streets in Arumanthi include Periamullaivoyal Street at Rs 220 per sq.ft, Saraswathi Arul Nagar at Rs 165 per sq.ft, and Sri Bhavani Amman Garden at Rs 330 per sq.ft, among others.

What fees are associated with buying property in Modern Town?

When buying property in Modern Town, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Modern Town?

The Sub Registrar Office for Modern Town is the Redhills Sub Registrar Office, located on Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.