Guideline Value

Corporate

Guideline Value for Sangeetha Nagar

₹1102/sq.ft.

The guideline value for Sangeetha Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹41 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹402 /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]

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Sangeetha Nagar guideline value

The current guideline value of Sangeetha Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,102 per sq.ft. This figure is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Sangeetha Nagar has changed

The guideline value for Sangeetha Nagar has seen several revisions over the years. The 2002 revision recorded a value of Rs 402 per sq.ft, which then decreased to Rs 41 per sq.ft in 2003. Following this, the value increased significantly to Rs 200 per sq.ft in 2007, and then rose sharply to Rs 700 per sq.ft in 2012. The 2017 revision saw a further increase to Rs 469 per sq.ft, followed by a substantial jump to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,102 per sq.ft.

Between these revisions, there have been notable changes. From 2002 to 2003, the value dropped by 90%. However, from 2003 to 2007, it increased by 388%. The value then rose by 250% from 2007 to 2012, but fell by 33% from 2012 to 2017. The most significant increase occurred from 2017 to 2023, with a rise of 113%. Finally, the change from 2023 to 2024 is an increase of 10%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, which is equal to the current value for Sangeetha Nagar.

Stamp duty and registration fee for property in Sangeetha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total cost for these fees to Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sangeetha Nagar?

The Sub Registrar Office that covers Sangeetha 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 details.

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

The guideline value plays a crucial role when buying or selling property in Puzhal. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value. This helps maintain transparency in property transactions and aids in the assessment of property taxes.

Frequently asked questions

What is the current guideline value of Sangeetha Nagar?

The current guideline value of Sangeetha Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 402 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, with several revisions in between, including a significant increase from Rs 469 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification of Sangeetha Nagar?

Sangeetha Nagar falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Sangeetha Nagar?

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

How are stamp duty and registration fees calculated in Puzhal?

Stamp duty and registration fees in Puzhal are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,02,000, the total fees would amount to Rs 99,180, including stamp duty and registration fees.