Guideline Value

Corporate

Guideline Value for Puzhal Samathuvapuram

₹1102/sq.ft.

The guideline value for Puzhal Samathuvapuram in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹52 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹508 /sq.ft.
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 Puzhal Samathuvapuram

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Puzhal Samathuvapuram guideline value

The current guideline value of Puzhal Samathuvapuram is Rs 1,102 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village, under the Redhills Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of Puzhal Samathuvapuram has changed

The guideline value for Puzhal Samathuvapuram has undergone several revisions over the years. In 2002, the guideline value was Rs 508 per sq.ft, which then decreased to Rs 52 per sq.ft in 2003. The value saw a significant increase to Rs 200 per sq.ft in 2007. Following this, the value rose to Rs 700 per sq.ft in 2012, but then dropped to Rs 469 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,000 per sq.ft in 2023, and the current guideline value is set at Rs 1,102 per sq.ft for 2024.

Overall, from 2002 to 2024, the guideline value has increased by 117%. Notably, the increase from 2023 to 2024 is 10%, while the jump from 2017 to 2023 was 113%. The revisions for the years 2012 to 2017 saw a decrease of 33%, and the period from 2007 to 2012 experienced a substantial increase of 250%. Additionally, the increase from 2003 to 2007 was 285%, while the value dropped significantly by 90% from 2002 to 2003. There are no figures available for the years not mentioned in this register for this street.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The guideline value for Puzhal Samathuvapuram is equal to the median value of Rs 1,102 per sq.ft. Below are some other streets in Puzhal:

Stamp duty and registration fee for property in Puzhal Samathuvapuram

For a 1,000 sq.ft plot at the current rate of Rs 1,102 per sq.ft, the guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, making the total fees together Rs 99,180. 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 Puzhal Samathuvapuram?

The Sub Registrar Office that covers Puzhal Samathuvapuram 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 Puzhal

The guideline value is a crucial factor in the registration process when buying or selling property in Puzhal Samathuvapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the costs associated with registration. Buyers and sellers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Puzhal Samathuvapuram?

The current guideline value of Puzhal Samathuvapuram is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, starting from Rs 508 per sq.ft in 2002 to the current value of Rs 1,102 per sq.ft in 2024, reflecting an overall increase of 117%.

What are the other streets in Puzhal with their guideline values?

Other streets in Puzhal include Punitha Anthoniyar Street, Punitha Anthoniar Road, Punitha Anthoniar Main Street, Punitha Anthoniar 5th Street, Punitha Anthoniar 4th Street, and Punitha Anthoniar 3rd Street, all valued at Rs 2,420 per sq.ft for 2024.

What is the stamp duty rate for property in Puzhal Samathuvapuram?

The stamp duty rate for property in Puzhal Samathuvapuram is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Puzhal Samathuvapuram located?

The Sub Registrar Office for Puzhal Samathuvapuram is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.