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Guideline Value

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Guideline Value for Periyapalayam Sri Bhavani Amman Nagar-I

₹440/sq.ft.

The guideline value for Periyapalayam Sri Bhavani Amman Nagar-i in Sothupakkam 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Class II 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 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹21 /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 Periyapalayam Sri Bhavani Amman Nagar-i

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Periyapalayam Sri Bhavani Amman Nagar-I guideline value

The current guideline value of Periyapalayam Sri Bhavani Amman Nagar-I is Rs 440 per sq.ft. This area is located in Sothupakkam village under the Redhills Sub Registrar Office (SRO). The land classification for this locality is Residential Class II Type - I.

How the guideline value of Periyapalayam Sri Bhavani Amman Nagar-I has changed

The guideline value for Periyapalayam Sri Bhavani Amman Nagar-I has seen several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 21 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2007, marking a rise of 852%. In 2012, the value was revised to Rs 400 per sq.ft, which was a 100% increase from the previous figure. However, in 2017, the value dropped to Rs 268 per sq.ft, indicating a decrease of 33%. The 2023 revision set the guideline value at Rs 400 per sq.ft, which then increased to Rs 440 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 1995%. The register has no figure for the year 2002 for this street.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,150 per sq.ft, with the median being Rs 440 per sq.ft. The guideline value for Periyapalayam Sri Bhavani Amman Nagar-I is equal to this median.

Stamp duty and registration fee for property in Periyapalayam Sri Bhavani Amman Nagar-I

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the 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, bringing the total fees together to Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyapalayam Sri Bhavani Amman Nagar-I?

The Sub Registrar Office that covers Periyapalayam Sri Bhavani Amman Nagar-I 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Sothupakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periyapalayam Sri Bhavani Amman Nagar-I?

The current guideline value of Periyapalayam Sri Bhavani Amman Nagar-I is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 21 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1995% over this period.

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

For a property valued at Rs 4,40,000, the stamp duty is Rs 30,800 and the registration fee is Rs 8,800, totaling Rs 39,600. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this area?

The Redhills Sub Registrar Office handles registrations for Periyapalayam Sri Bhavani Amman Nagar-I, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Periyapalayam Sri Bhavani Amman Nagar-I?

The land classification for Periyapalayam Sri Bhavani Amman Nagar-I is Residential Class II Type - I, which indicates the type of residential development permitted in the area.