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Guideline Value

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Guideline Value for SRI KRISHNA NAGAR ANNEX EXTENSION - III

₹660/sq.ft.

The guideline value for Sri Krishna Nagar Annex Extension - Iii in Grandlyon village (Redhills SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 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

Grandlyon

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Sri Krishna Nagar Annex Extension - Iii

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Sri Krishna Nagar Annex Extension - III guideline value

The current guideline value for Sri Krishna Nagar Annex Extension - III is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Grandlyon village, under the Redhills Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Sri Krishna Nagar Annex Extension - III has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision saw an increase to Rs 600 per sq.ft, and the most recent revision in 2024 brought it to Rs 660 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a significant increase of 49% from 2017 to 2023, and a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the guideline value of Sri Krishna Nagar Annex Extension - III.

Stamp duty and registration fee for property in Sri Krishna Nagar Annex Extension - III

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty, charged at 7%, would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, the total fees would be Rs 59,400. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Sri Krishna Nagar Annex Extension - III?

The Sub Registrar Office that covers Sri Krishna Nagar Annex Extension - III is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Grandlyon. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory for property transfers. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When engaging in a property transaction, it is essential to be aware of the current guideline value to avoid any discrepancies during registration. This value is determined by the Registration Department and reflects the market conditions for the area.

Frequently asked questions

What is the current guideline value for Sri Krishna Nagar Annex Extension - III?

The current guideline value for Sri Krishna Nagar Annex Extension - III is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for this area?

Sri Krishna Nagar Annex Extension - III is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for this property?

For a plot of 1,000 sq.ft, the guideline value is Rs 6,60,000. The stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations for this area?

The Redhills Sub Registrar Office handles property registrations for Sri Krishna Nagar Annex Extension - III, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.