Guideline Value

Corporate

Guideline Value for SRI USHA GARDEN

₹440/sq.ft.

The guideline value for Sri Usha Garden in Sothupakkam 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

Sothupakkam

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 Usha Garden

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Sri Usha Garden guideline value

The current guideline value of Sri Usha Garden is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village, under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Usha Garden has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure then decreased to Rs 268 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, 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% increase. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%, and overall, from 2012 to 2024, the guideline value has increased by 10%. The current value of Rs 440 per sq.ft aligns with the median value of Rs 440 per sq.ft for other streets in Sothupakkam under the Redhills SRO.

Guideline values in Sothupakkam

Sothupakkam village features 49 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 1,150 per sq.ft. The median value is Rs 440 per sq.ft, which is the same as the current guideline value for Sri Usha Garden. Below are the guideline values for other streets in Sothupakkam:

Stamp duty and registration fee for property in Sri Usha Garden

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 to Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Usha Garden?

The Sub Registrar Office covering Sri Usha Garden 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 Sothupakkam

The guideline value is an important factor in the registration process for buying or selling property in Sothupakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the fees reflect the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Sri Usha Garden?

The current guideline value of Sri Usha Garden 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 from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Sri Usha Garden?

Sri Usha Garden is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sri Usha Garden?

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

What are the stamp duty and registration fees for property transactions in Sri Usha Garden?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For a 1,000 sq.ft plot, the total fees would be Rs 39,600 based on the current guideline value.