Guideline Value

Corporate

Guideline Value for NEW POWER CITY

₹480/sq.ft.

The guideline value for New Power City in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 480 per sq.ft, effective 1 July 2024. It was Rs 450 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹480 /sq.ft.
From 1-4-2023 ₹450 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹301 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹450 /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]

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New Power City guideline value

The current guideline value of New Power City, located in Vilangadupakkam village under the Redhills SRO, is Rs 480 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of New Power City has changed

Over the years, the guideline value for New Power City has seen several revisions. The most recent revision in 2024 set the value at Rs 480 per sq.ft, which is an increase from Rs 450 per sq.ft in 2023, reflecting a change of +7%. Prior to that, in 2017, the guideline value was Rs 301 per sq.ft, marking a significant increase of +50% to reach the 2023 figure. The 2012 revision also had a value of Rs 450 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of +7% in the guideline value.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 and 2017 revisions reflect the fluctuations in the guideline value, but the lack of data for earlier years means we cannot assess the changes during those periods.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value for New Power City is above this median, indicating its relative standing in the area.

Stamp duty and registration fee for property in New Power City

For a 1,000 sq.ft plot at the current guideline value of Rs 480 per sq.ft, the total guideline value amounts to Rs 4,80,000. The stamp duty at 7% would be Rs 33,600, and the registration fee at 2% would be Rs 9,600, bringing the total cost for these fees to Rs 43,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Power City?

The Sub Registrar Office that covers New Power City 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 further assistance.

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

The guideline value plays a crucial role during property transactions in Vilangadupakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is established by the government and reflects the market conditions for the area.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees for property transactions in the region.

Frequently asked questions

What is the current guideline value of New Power City?

The current guideline value of New Power City is Rs 480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2023 to Rs 480 per sq.ft in 2024, and from Rs 301 per sq.ft in 2017 to Rs 450 per sq.ft in 2023. There was also a decrease from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017.

What are the stamp duty and registration fees for property in New Power City?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 33,600 and the registration fee would be Rs 9,600, totaling Rs 43,200. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers New Power City?

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

What is the land classification of New Power City?

New Power City is classified as Residential Class II Type - II, indicating its designation for residential use within the area.