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Guideline Value

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Guideline Value for SRI RAGHAVENDRA NAGAR EXTENSION I

₹770/sq.ft.

The guideline value for Sri Raghavendra Nagar Extension I in Pazhanthandalam village (Padappai SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhanthandalam

Village

Padappai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /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 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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Raghavendra Nagar Extension I

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Sri Raghavendra Nagar Extension I guideline value

The current guideline value of Sri Raghavendra Nagar Extension I is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village, under the Padappai SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Raghavendra Nagar Extension I has changed

The guideline value for Sri Raghavendra Nagar Extension I has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. In 2023, the value increased to Rs 700 per sq.ft, and the most recent revision in 2024 sees it rise to Rs 770 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Pazhanthandalam

In Pazhanthandalam, there are 57 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft. The guideline value for Sri Raghavendra Nagar Extension I is below this median.

Stamp duty and registration fee for property in Sri Raghavendra Nagar Extension I

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Raghavendra Nagar Extension I?

The Sub Registrar Office that covers Sri Raghavendra Nagar Extension I is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pazhanthandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in real estate dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which helps in maintaining a fair assessment of property transactions.

Frequently asked questions

What is the current guideline value of Sri Raghavendra Nagar Extension I?

The current guideline value of Sri Raghavendra Nagar Extension I is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 700 per sq.ft in 2012, decreasing to Rs 469 per sq.ft in 2017, then rising to Rs 700 per sq.ft in 2023, and finally reaching Rs 770 per sq.ft in 2024.

What is the classification of land in Sri Raghavendra Nagar Extension I?

Sri Raghavendra Nagar Extension I is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

For a property valued at Rs 7,70,000, the stamp duty at 7% amounts to Rs 53,900, and the registration fee at 2% is Rs 15,400, totaling Rs 69,300 for these fees.

Which office handles property registration in Pazhanthandalam?

The Padappai Sub Registrar Office is responsible for handling property registrations in Pazhanthandalam, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.