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Guideline Value

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Guideline Value for Periyapalayam Sri Bhavani Amman Nagar

₹440/sq.ft.

The guideline value for Periyapalayam Sri Bhavani Amman Nagar 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 ₹13 /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

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Periyapalayam Sri Bhavani Amman Nagar guideline value

The current guideline value of Periyapalayam Sri Bhavani Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village under the Redhills SRO and is classified as Residential Class II Type - I.

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

The guideline value for Periyapalayam Sri Bhavani Amman Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 13 per sq.ft. This figure saw a significant increase to Rs 200 per sq.ft in 2007, marking a rise of 1438%. The value then doubled to Rs 400 per sq.ft in 2012, reflecting a 100% increase. However, it decreased to Rs 268 per sq.ft in 2017, which was a drop of 33%. Following this, the guideline value rose to Rs 400 per sq.ft in 2023, and subsequently increased by 10% to reach Rs 440 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 3285%. It is important to note that 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. The median guideline value is Rs 440 per sq.ft, which is equal to the current value for Periyapalayam Sri Bhavani Amman Nagar.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees together to 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyapalayam Sri Bhavani Amman Nagar?

The Sub Registrar Office that covers Periyapalayam Sri Bhavani Amman 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 for more information.

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

The guideline value plays a crucial role when buying or selling property in Sothupakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the transaction.

When registering a property, the guideline value is considered the minimum value for calculating the applicable fees. This means that even if the sale price is lower than the guideline value, the fees will be based on the guideline value to ensure proper taxation.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 13 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, which is an overall increase of 3285%.

What is the registration office for Periyapalayam Sri Bhavani Amman Nagar?

The registration office for Periyapalayam Sri Bhavani Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.

Are there other streets with the same guideline value in Sothupakkam?

Yes, there are several other streets in Sothupakkam with the same guideline value of Rs 440 per sq.ft, including Periyapalayam Sri Bhavani Amman Nagar-I and Periyapalayam Bhavaniamman Nagar.