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Guideline Value

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Guideline Value for SRI SAI KRISHNA NAGAR

₹440/sq.ft.

The guideline value for Sri Sai Krishna 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 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 Sai Krishna Nagar

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Sri Sai Krishna Nagar guideline value

The current guideline value of Sri Sai Krishna Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Vilangadupakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Sai Krishna Nagar has changed

The guideline value for Sri Sai Krishna Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 268 per sq.ft. Following this, the value saw a significant increase to Rs 400 per sq.ft in 2023, before rising again to Rs 440 per sq.ft in 2024.

Examining the changes between these revisions reveals notable fluctuations. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a total increase of 10%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, making the guideline value of Sri Sai Krishna Nagar equal to this median.

Stamp duty and registration fee for property in Sri Sai Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, leading to a total cost of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Krishna Nagar?

The Sub Registrar Office that covers Sri Sai Krishna 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Vilangadupakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on an official valuation.

Additionally, the guideline value helps maintain transparency in property transactions, as it provides a standardized reference point for both buyers and sellers. This ensures that all parties involved are aware of the minimum value recognized by the government for registration purposes.

Frequently asked questions

What is the current guideline value of Sri Sai Krishna Nagar?

The current guideline value of Sri Sai Krishna 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 several times, with the most recent revision in 2024 increasing it to Rs 440 per sq.ft from Rs 400 per sq.ft in 2023. The value was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification for Sri Sai Krishna Nagar?

Sri Sai Krishna Nagar is classified as Residential Class III Type - I, which indicates its suitability for residential development.

How is stamp duty calculated for properties in Sri Sai Krishna Nagar?

Stamp duty for properties in Sri Sai Krishna Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, the stamp duty on a 1,000 sq.ft plot at the current guideline value would be Rs 30,800.

Where can I find the Sub Registrar Office for Sri Sai Krishna Nagar?

The Sub Registrar Office for Sri Sai Krishna Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.