Guideline Value

Corporate

Guideline Value for Painthamil Nagar

₹440/sq.ft.

The guideline value for Painthamil Nagar in Palavayal 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavayal

Village

Redhills

SRO

Residential Class I 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 N/A
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 Painthamil Nagar

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Painthamil Nagar guideline value

The current guideline value of Painthamil Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Palavayal village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Painthamil Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Palavayal

In Palavayal, there are 22 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,200 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the guideline value of Painthamil Nagar.

Stamp duty and registration fee for property in Painthamil 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 at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 information.

Which Sub Registrar Office covers Painthamil Nagar?

Painthamil Nagar falls under the jurisdiction of 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 Palavayal

The guideline value is an essential factor in property transactions in Palavayal. It is used to determine the amount of stamp duty and registration fees that must be paid when buying or selling property.

When registering a property, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees, ensuring that all transactions are conducted in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Painthamil Nagar?

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

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, rising from Rs 268 per sq.ft to Rs 440 per sq.ft.

What is the stamp duty rate for properties in Painthamil Nagar?

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

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.

What are the other streets in Palavayal with similar guideline values?

Other streets in Palavayal with similar guideline values include New Sun Garden Phase - I, Pillaiyar Koil Street, and Poombugar Nagar, all at Rs 440 per sq.ft in 2024.