Guideline Value

Corporate

Guideline Value for R.G. Nagar Annex-I

₹440/sq.ft.

The guideline value for R.g. Nagar Annex-i in Pothur 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

Pothur

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 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹213 /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 R.g. Nagar Annex-i

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R.G. Nagar Annex-I guideline value

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

How the guideline value of R.G. Nagar Annex-I has changed

The guideline value for R.G. Nagar Annex-I has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 213 per sq.ft. This increased significantly to Rs 22 per sq.ft in 2003, followed by a dramatic rise to Rs 200 per sq.ft in 2007. The 2012 revision saw the value stabilize at Rs 400 per sq.ft, but this was followed by a decrease to Rs 268 per sq.ft in 2017. The value then increased to Rs 400 per sq.ft in 2023, before reaching the current figure of Rs 440 per sq.ft in 2024.

Between these revisions, notable changes occurred. From 2002 to 2003, there was a decrease of 90%. The value then surged by 809% from 2003 to 2007. The 2007 to 2012 period saw an increase of 100%, while from 2012 to 2017, there was a decline of 33%. The value then increased by 49% from 2017 to 2023, and finally, from 2023 to 2024, there was an increase of 10%.

Guideline values in Pothur

In Pothur, there are 98 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for R.G. Nagar Annex-I is below this median.

Stamp duty and registration fee for property in R.G. Nagar Annex-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, 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 details.

Which Sub Registrar Office covers R.G. Nagar Annex-I?

The Sub Registrar Office that covers R.G. Nagar Annex-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 Pothur

The guideline value is a crucial factor in property transactions within Pothur. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased. The guideline value serves as a benchmark for assessing the value of the property being registered.

When you buy or sell property in Pothur, the registration process requires that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of R.G. Nagar Annex-I?

The current guideline value of R.G. Nagar Annex-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 from Rs 213 per sq.ft in 2002 to Rs 440 per sq.ft in 2024, with several revisions in between.

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

Other streets in Pothur include Roja Nagar at Rs 365 per sq.ft, Sai Kiruba Nagar and Raj Nagar at Rs 1,480 per sq.ft, Sarathi Nagar at Rs 440 per sq.ft, and Raja Yoga Ganapathy Nagar and Selva Ganapathi Nagar at Rs 550 per sq.ft.

How is stamp duty calculated for properties in R.G. Nagar Annex-I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 30,800.

Where can I find the Sub Registrar Office for R.G. Nagar Annex-I?

The Sub Registrar Office for R.G. Nagar Annex-I is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.