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Guideline Value

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Guideline Value for P.W.D. Bangalamedu 3rd Street

₹550/sq.ft.

The guideline value for P.w.d. Bangalamedu 3rd Street in Nallur village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nallur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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 P.w.d. Bangalamedu 3rd Street

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P.W.D. Bangalamedu 3rd Street guideline value

The current guideline value of P.W.D. Bangalamedu 3rd Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Nallur village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of P.W.D. Bangalamedu 3rd Street has changed

The guideline value for P.W.D. Bangalamedu 3rd Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 300 per sq.ft. This increased to Rs 500 per sq.ft in 2012, marking a 67% increase. However, in 2017, the value dropped to Rs 335 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 500 per sq.ft in 2023, and further increased to Rs 550 per sq.ft in 2024, which is a 10% rise from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 83%.

Guideline values in Nallur

In Nallur, there are 39 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,650 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the guideline value of P.W.D. Bangalamedu 3rd Street.

Stamp duty and registration fee for property in P.W.D. Bangalamedu 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total cost of Rs 49,500. 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 detailed calculations.

Which Sub Registrar Office covers P.W.D. Bangalamedu 3rd Street?

The P.W.D. Bangalamedu 3rd Street is covered by 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 during property registration in Nallur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value ensures that the transaction is recorded accurately and reflects the official worth of the property.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations involved in the registration process. Buyers and sellers should always refer to the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of P.W.D. Bangalamedu 3rd Street?

The current guideline value of P.W.D. Bangalamedu 3rd Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 83% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for P.W.D. Bangalamedu 3rd Street?

The Redhills Sub Registrar Office handles the registration for P.W.D. Bangalamedu 3rd Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the transaction is recorded accurately and reflects the official worth of the property.