Guideline Value

Corporate

Guideline Value for S.K. Nagar

₹440/sq.ft.

The guideline value for S.k. Nagar in Vilangadupakkam 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III 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 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 S.k. Nagar

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S.K. Nagar guideline value

The current guideline value of S.K. Nagar, located in Vilangadupakkam village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of S.K. Nagar has changed

The guideline value of S.K. Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017. Following this, the value rose significantly to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. The value doubled from Rs 200 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, marking a 100% increase. Overall, from 2007 to 2024, the guideline value has increased by 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of S.K. Nagar aligns with this median.

Stamp duty and registration fee for property in S.K. Nagar

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, making the total Rs 39,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.K. Nagar?

The Sub Registrar Office that covers S.K. 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 Vilangadupakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers must ensure that the sale price is aligned with the guideline value to avoid discrepancies during registration. The guideline value helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of S.K. Nagar?

The current guideline value of S.K. Nagar 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 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What are the other streets in Vilangadupakkam with the same guideline value?

Other streets in Vilangadupakkam with a guideline value of Rs 440 per sq.ft include Sirushti Nagar Annex, Sirushti Nagar, Sri Ambal Nagar, Sri Astalakshmi Nagar, Sri Balaji Nagar, and Sri Chakra Garden.

What is the registration fee for property in S.K. Nagar?

The registration fee for property in S.K. Nagar is calculated based on the guideline value. For a property valued at Rs 4,40,000, the registration fee would be Rs 8,800 at 2%.

Where can I find the Sub Registrar Office for S.K. Nagar?

The Sub Registrar Office for S.K. Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more details online.