Guideline Value

Corporate

Guideline Value for SRI SAI SAKTHI NAGAR ANNEX

₹440/sq.ft.

The guideline value for Sri Sai Sakthi Nagar Annex in Pothur 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class II 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 Sakthi Nagar Annex

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Sri Sai Sakthi Nagar Annex guideline value

The current guideline value for Sri Sai Sakthi Nagar Annex, located in Pothur village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Sai Sakthi Nagar Annex has changed

Over the years, the guideline value for Sri Sai Sakthi Nagar Annex has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017, marking a -33% change. The value increased significantly to Rs 400 per sq.ft in the 2023 revision, and then rose again to Rs 440 per sq.ft in the 2024 revision, reflecting a +10% change from the previous year.

From 2017 to 2023, there was a notable increase of +49%, bringing the value back up to Rs 400 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by +10%, moving from Rs 400 per sq.ft in 2012 to the current Rs 440 per sq.ft.

Guideline values in Pothur

In Pothur, there are 98 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Sri Sai Sakthi Nagar Annex is below this median.

Stamp duty and registration fee for property in Sri Sai Sakthi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Sakthi Nagar Annex?

The Sub Registrar Office that covers Sri Sai Sakthi Nagar Annex 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 Pothur

The guideline value plays a crucial role in the registration process when buying or selling property in Pothur. It serves as a benchmark for determining the stamp duty and registration fees payable to the government during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the fees are based on a standardized value rather than the negotiated sale price. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Sai Sakthi Nagar Annex?

The current guideline value of Sri Sai Sakthi Nagar Annex is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 400 per sq.ft in 2012, decreasing to Rs 268 per sq.ft in 2017, and then increasing to Rs 440 per sq.ft in 2024.

What is the land classification for Sri Sai Sakthi Nagar Annex?

Sri Sai Sakthi Nagar Annex is classified as Residential Class II Type - I.

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

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Sri Sai Sakthi Nagar Annex, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.