Guideline Value

Corporate

Guideline Value for SRI RAMAMOORTHY NAGAR

₹1150/sq.ft.

The guideline value for Sri Ramamoorthy Nagar in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 1150 per sq.ft, effective 1 July 2024. It was Rs 1045 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1150 /sq.ft.
From 1-4-2023 ₹1045 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Ramamoorthy Nagar

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Sri Ramamoorthy Nagar guideline value

The current guideline value of Sri Ramamoorthy Nagar is Rs 1,150 per sq.ft, effective from 1 July 2024. This street is located in Sothupakkam village under the Redhills SRO and is classified as Mixed Special Type - II.

How the guideline value of Sri Ramamoorthy Nagar has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Sri Ramamoorthy Nagar. The guideline value was Rs 1,045 per sq.ft in the 2023 revision, which increased by 10% to Rs 1,150 per sq.ft in the 2024 revision.

The 2024 revision marks a significant change from the previous year, reflecting a rise in the guideline value. The current rate of Rs 1,150 per sq.ft is indicative of the ongoing adjustments in property values in the area.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,150 per sq.ft. The median value for these streets is Rs 440 per sq.ft, placing Sri Ramamoorthy Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Ramamoorthy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,150 per sq.ft, the guideline value would be Rs 11,50,000. The stamp duty at 7% would amount to Rs 80,500, and the registration fee at 2% would be Rs 23,000, bringing the total to Rs 1,03,500. Please note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Sri Ramamoorthy Nagar?

Sri Ramamoorthy Nagar falls under 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 Sothupakkam

The guideline value is a crucial factor during property registration in Sothupakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Ramamoorthy Nagar?

The current guideline value of Sri Ramamoorthy Nagar is Rs 1,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Ramamoorthy Nagar was Rs 1,045 per sq.ft in 2023 and increased to Rs 1,150 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Ramamoorthy Nagar?

Sri Ramamoorthy Nagar is classified as Mixed Special Type - II. This classification can impact the development and usage of the land in the area.

Where can I find the registration office for Sri Ramamoorthy Nagar?

The registration office covering Sri Ramamoorthy Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Sri Ramamoorthy Nagar?

Stamp duty for properties in Sri Ramamoorthy Nagar is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 11,50,000, the stamp duty would be Rs 80,500 at 7%.