Guideline Value

Corporate

Guideline Value for NEW CHENGALAMMAN NAGAR

₹440/sq.ft.

The guideline value for New Chengalamman Nagar in Nallur village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nallur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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 New Chengalamman Nagar

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New Chengalamman Nagar guideline value

The current guideline value of New Chengalamman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Nallur village, under the jurisdiction of the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of New Chengalamman Nagar has changed

The guideline value for New Chengalamman Nagar has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 400 per sq.ft. This figure remained until the next revision in 2017, where it dropped significantly to Rs 268 per sq.ft. However, from 2017 to 2023, the value increased sharply to Rs 400 per sq.ft, followed by a further increase to Rs 440 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

In summary, the changes between the revisions are as follows: from 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nallur

Nallur village features 39 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,650 per sq.ft. The median value across these streets is Rs 550 per sq.ft, placing New Chengalamman Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in New Chengalamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, calculated at 7%, would be Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, these fees total Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Chengalamman Nagar?

The Sub Registrar Office that covers New Chengalamman 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and accurate financial planning.

When a property is registered, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of New Chengalamman Nagar?

The current guideline value of New Chengalamman Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of New Chengalamman Nagar?

New Chengalamman Nagar is classified as Residential Class III Type - I.

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 New Chengalamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.