Guideline Value

Corporate

Guideline Value for Sai Dev Nagar

₹880/sq.ft.

The guideline value for Sai Dev Nagar in Thandalkazhani village (Redhills SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 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

Thandalkazhani

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹46 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹446 /sq.ft.
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 Sai Dev Nagar

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Sai Dev Nagar guideline value

The current guideline value of Sai Dev Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thandalkazhani village, under the Redhills Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Sai Dev Nagar has changed

The guideline value for Sai Dev Nagar has undergone several revisions over the years. In 2002, the value was Rs 446 per sq.ft, which then saw a significant drop to Rs 46 per sq.ft in 2003. The value increased substantially to Rs 300 per sq.ft in 2007, and then rose to Rs 800 per sq.ft in 2012. Following this, the value decreased to Rs 536 per sq.ft in 2017, before reaching Rs 800 per sq.ft again in 2023. The latest revision in 2024 has set the guideline value at Rs 880 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 97%. The changes between the revisions include a 552% increase from 2003 to 2007, a 167% rise from 2007 to 2012, followed by a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023.

Guideline values in Thandalkazhani

In Thandalkazhani village, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,750 per sq.ft, with the median being Rs 880 per sq.ft. Sai Dev Nagar's 2024 figure aligns with this median value.

Stamp duty and registration fee for property in Sai Dev Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Sai Dev Nagar?

The Sub Registrar Office that covers Sai Dev 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 Thandalkazhani

The guideline value plays a crucial role in the registration process when buying or selling property in Thandalkazhani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must refer to the guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sai Dev Nagar?

The current guideline value of Sai Dev Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 446 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 97% over this period.

What is the land classification for Sai Dev Nagar?

Sai Dev Nagar is classified as Residential Class II Type - I, indicating its use for residential purposes.

Where is the Redhills Sub Registrar Office located?

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

How are stamp duty and registration fees calculated for properties in Sai Dev Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the total fees would amount to Rs 79,200.