Guideline Value

Corporate

Guideline Value for S.T.V. Nagar

₹1100/sq.ft.

The guideline value for S.t.v. Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹120 /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]

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

S.T.V. Nagar guideline value

The current guideline value of S.T.V. Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of S.T.V. Nagar has changed

The guideline value for S.T.V. Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 120 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking a significant rise of 150%. The value then rose to Rs 800 per sq.ft in 2012, reflecting an increase of 167%. However, it decreased to Rs 536 per sq.ft in 2017, which was a decline of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, an increase of 87% from the previous figure. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, representing a 10% increase from 2023.

It is important to note that the register has no figure for S.T.V. Nagar in 2002. Overall, from 2003 to 2024, the guideline value has increased by 817%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value of S.T.V. Nagar is below this median.

Stamp duty and registration fee for property in S.T.V. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is essential to note that the 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 S.T.V. Nagar?

The Sub Registrar Office covering S.T.V. 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 Puzhal

The guideline value plays a crucial role in the property registration process in Puzhal. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is registered at a fair value according to government standards. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid during the transaction.

It is important for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction. The registration office uses this value to assess the property and ensure compliance with local regulations. Understanding the guideline value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of S.T.V. Nagar?

The current guideline value of S.T.V. Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 120 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 817% since 2003.

What are the stamp duty and registration fees for property in S.T.V. Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registration for S.T.V. Nagar?

The Redhills Sub Registrar Office is responsible for property registration in S.T.V. Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the minimum value of a property during registration, which in turn affects the stamp duty and registration fees payable. It ensures that properties are registered at a value compliant with government standards.