Guideline Value

Corporate

Guideline Value for Nethaji Nagar

₹1210/sq.ft.

The guideline value for Nethaji Nagar in Thandalkazhani village (Redhills SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 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

Thandalkazhani

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /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 ₹36 /sq.ft.
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 Nethaji Nagar

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Nethaji Nagar guideline value

The current guideline value of Nethaji Nagar, located in Thandalkazhani village under the Redhills SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Nethaji Nagar has changed

The guideline value for Nethaji Nagar has undergone several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 36 per sq.ft. It increased significantly to Rs 300 per sq.ft in 2007, marking a rise of 733%. The value then saw a substantial increase to Rs 800 per sq.ft in 2012, which was a 167% increase. However, from 2012 to 2017, the value decreased to Rs 737 per sq.ft, reflecting an 8% drop. The 2023 revision brought the guideline value to Rs 1,100 per sq.ft, showing a 49% increase from 2017, and the latest revision in 2024 has set it at Rs 1,210 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for Nethaji Nagar in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 3261%, highlighting significant changes over the years.

Guideline values in Thandalkazhani

In Thandalkazhani, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,750 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Nethaji Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Nethaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total charges to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nethaji Nagar?

The Sub Registrar Office that covers Nethaji Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Thandalkazhani. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It serves as a reference point for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Nethaji Nagar?

The current guideline value of Nethaji Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 36 per sq.ft in 2003 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 3261% over the years.

What are the other streets in Thandalkazhani with their guideline values?

Other streets in Thandalkazhani include Nethaji Subash Chandrabose Nagar at Rs 1,210 per sq.ft, Nehru Street, Moogambigai Nagar Extn, Moogambigai Nagar, M.G.R. Street, and Periyar Street, all at Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Nethaji Nagar?

The stamp duty for properties in Nethaji Nagar is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 1,08,900.

Which office handles property registrations for Nethaji Nagar?

The Redhills Sub Registrar Office handles property registrations for Nethaji Nagar. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.