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Guideline Value

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Guideline Value for Sanjai Gandhi Street

₹660/sq.ft.

The guideline value for Sanjai Gandhi Street in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 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

Padiyanallur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹74 /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 Sanjai Gandhi Street

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Sanjai Gandhi Street guideline value

The current guideline value of Sanjai Gandhi Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village, under the jurisdiction of the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sanjai Gandhi Street has changed

The guideline value for Sanjai Gandhi Street has undergone several revisions over the years. In the 2003 revision, the value was set at Rs 74 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2007, marking a 305% rise. The value then saw a substantial increase to Rs 600 per sq.ft in 2012, reflecting a 100% increase from the previous revision. However, in 2017, the value decreased to Rs 402 per sq.ft, which was a 33% drop. The value then rose to Rs 600 per sq.ft in 2023, followed by the current figure of Rs 660 per sq.ft in the 2024 revision, resulting in a 10% increase.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 792%. It is important to note that there is no figure available for Sanjai Gandhi Street in the 2002 revision.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median value for these streets is Rs 770 per sq.ft, making the 2024 figure for Sanjai Gandhi Street below this median.

Stamp duty and registration fee for property in Sanjai Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, the total cost for stamp duty and registration fees would be Rs 59,400. It is important to note that the 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 more details.

Which Sub Registrar Office covers Sanjai Gandhi Street?

The Sub Registrar Office that covers Sanjai Gandhi Street 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 Padiyanallur

The guideline value is a crucial factor when buying or selling property in Padiyanallur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration office will use the guideline value to assess the applicable fees and duties, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sanjai Gandhi Street?

The current guideline value of Sanjai Gandhi Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 74 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 792% over the years.

What are the stamp duty and registration fees for property in Sanjai Gandhi Street?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers Sanjai Gandhi Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of properties, which impacts the stamp duty and registration fees during a transaction. It ensures compliance with local regulations when buying or selling property.