Guideline Value

Corporate

Guideline Value for Sakthi Garden North

₹275/sq.ft.

The guideline value for Sakthi Garden North in Kumanoor village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 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

Kumanoor

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹17 /sq.ft.
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 Sakthi Garden North

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Sakthi Garden North guideline value

The current guideline value of Sakthi Garden North is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Kumanoor village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sakthi Garden North has changed

The guideline value for Sakthi Garden North has seen several revisions over the years. In 2003, the guideline value was Rs 17 per sq.ft. This figure increased significantly to Rs 200 per sq.ft in 2007, marking a change of +1,076%. By 2012, the value remained the same at Rs 250 per sq.ft, indicating no change for this street in the register. In 2017, the value rose to Rs 167 per sq.ft, a decrease of -33% from the previous revision. The 2023 revision set the value at Rs 250 per sq.ft, which then increased to Rs 275 per sq.ft in 2024, reflecting a change of +10%.

Overall, from 2003 to 2024, the guideline value has increased by +1,518%. The revisions show a fluctuating trend in the guideline value, with the most recent figure aligning with the median value of Rs 275 per sq.ft for the area.

Guideline values in Kumanoor

In Kumanoor, there are 9 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,200 per sq.ft, with the median being Rs 275 per sq.ft. Sakthi Garden North's guideline value is equal to this median.

Stamp duty and registration fee for property in Sakthi Garden North

For a 1,000 sq.ft plot at the current rate of Rs 275 per sq.ft, the guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. It's important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sakthi Garden North?

The Sub Registrar Office covering Sakthi Garden North 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 Kumanoor

The guideline value is a crucial factor in property transactions in Kumanoor. 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.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial aspects of the transaction. Ensuring that the sale price is in line with the guideline value can help avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Sakthi Garden North?

The current guideline value of Sakthi Garden North is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 17 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting a significant overall increase of +1,518%.

What is the registration office for Sakthi Garden North?

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

How is stamp duty calculated for properties in Sakthi Garden North?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,75,000 would incur a stamp duty of Rs 19,250 at 7%.

Are there other streets in Kumanoor with similar guideline values?

Yes, there are other streets in Kumanoor with similar guideline values. For instance, Sakthi Garden Annex and Sakthi Garden West also have a guideline value of Rs 275 per sq.ft in 2024.