Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SRI VETRIVEL MURUGAN NAGAR

₹1560/sq.ft.

The guideline value for Sri Vetrivel Murugan Nagar in Pullilyon village (Redhills SRO, Chennai zone) is Rs 1560 per sq.ft, effective 1 July 2024. It was Rs 1418 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pullilyon

Village

Redhills

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1560 /sq.ft.
From 1-4-2023 ₹1418 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹950 /sq.ft.
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 Vetrivel Murugan Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Vetrivel Murugan Nagar guideline value

The current guideline value of Sri Vetrivel Murugan Nagar is Rs 1,560 per sq.ft, effective from 1 July 2024. This area is located in Pullilyon village under the Redhills SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Vetrivel Murugan Nagar has changed

The guideline value for Sri Vetrivel Murugan Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 950 per sq.ft, which increased to Rs 1,418 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,560 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 700 per sq.ft, placing Sri Vetrivel Murugan Nagar above this median.

Stamp duty and registration fee for property in Sri Vetrivel Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,560 per sq.ft, the total guideline value amounts to Rs 15,60,000. The stamp duty at 7% would be Rs 1,09,200, and the registration fee at 2% would be Rs 31,200, bringing the total cost for these fees to Rs 1,40,400. It is important to note that 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 Vetrivel Murugan Nagar?

The Sub Registrar Office that covers Sri Vetrivel Murugan 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 more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When you register a property, the authorities will assess the guideline value to calculate the applicable duties. This ensures that the fees are aligned with the current market conditions and property values in the area.

Frequently asked questions

What is the current guideline value of Sri Vetrivel Murugan Nagar?

The current guideline value of Sri Vetrivel Murugan Nagar is Rs 1,560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 950 per sq.ft in 2017 to Rs 1,560 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the registration office for Sri Vetrivel Murugan Nagar?

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

How is stamp duty calculated in Sri Vetrivel Murugan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,60,000, the stamp duty at 7% would be Rs 1,09,200.

What are the other streets in Pullilyon and their guideline values?

Other streets in Pullilyon have varying guideline values, ranging from Rs 440 to Rs 2,200 per sq.ft. Some examples include St. Anthony Nagar and St. Antony's Avenue, both valued at Rs 440 per sq.ft in 2024.