Guideline Value

Corporate

Guideline Value for Nethaji Subash Chandrabose Nagar

₹1210/sq.ft.

The guideline value for Nethaji Subash Chandrabose 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 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 Nethaji Subash Chandrabose Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Nethaji Subash Chandrabose Nagar guideline value

The current guideline value of Nethaji Subash Chandrabose Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This locality is situated in Thandalkazhani village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Nethaji Subash Chandrabose Nagar has changed

The guideline value for Nethaji Subash Chandrabose Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, from 2012 to 2017, the value decreased slightly to Rs 737 per sq.ft. The subsequent revision in 2023 raised the value to Rs 1,100 per sq.ft, and the latest revision in 2024 has increased it further to Rs 1,210 per sq.ft. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

In terms of percentage changes, the value increased by 167% from 2007 to 2012, decreased by 8% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 303%.

Guideline values in Thandalkazhani

In Thandalkazhani village, there are 27 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 660 to Rs 2,750 per sq.ft, with a median value of Rs 880 per sq.ft. Nethaji Subash Chandrabose Nagar's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Nethaji Subash Chandrabose Nagar

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

Which Sub Registrar Office covers Nethaji Subash Chandrabose Nagar?

The Sub Registrar Office that covers Nethaji Subash Chandrabose 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 here.

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

The guideline value is a crucial factor in property transactions in Thandalkazhani. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Additionally, the guideline value affects the calculation of stamp duty and registration fees, which are mandatory costs associated with property transactions. Understanding the guideline value helps parties involved in a sale or purchase to accurately estimate their financial obligations.

Frequently asked questions

What is the current guideline value of Nethaji Subash Chandrabose Nagar?

The current guideline value of Nethaji Subash Chandrabose 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 300 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 303% over the years.

What is the stamp duty rate for properties in Nethaji Subash Chandrabose Nagar?

The stamp duty rate for properties in Nethaji Subash Chandrabose Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Nethaji Subash Chandrabose Nagar located?

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

What is the median guideline value for streets in Thandalkazhani?

The median guideline value for streets in Thandalkazhani is Rs 880 per sq.ft, with Nethaji Subash Chandrabose Nagar's value being above this median at Rs 1,210 per sq.ft.