Guideline Value

Corporate

Guideline Value for Sapthar Hasmi Nagar 2 nd Part

₹330/sq.ft.

The guideline value for Sapthar Hasmi Nagar 2 Nd Part in Atthivakkam village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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

Atthivakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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 Sapthar Hasmi Nagar 2 Nd Part

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Sapthar Hasmi Nagar 2 nd Part guideline value

The current guideline value of Sapthar Hasmi Nagar 2 nd Part is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Sapthar Hasmi Nagar 2 nd Part has changed

Over the years, the guideline value for Sapthar Hasmi Nagar 2 nd Part has seen several revisions. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 300 per sq.ft in 2012, marking a 50% rise. However, it then dropped to Rs 201 per sq.ft in 2017, reflecting a decrease of 33%. The value rose significantly to Rs 300 per sq.ft in 2023, showing a 49% increase, and has now reached Rs 330 per sq.ft in the 2024 revision, which is a further increase of 10%.

The overall change from the 2007 revision to the 2024 revision is an increase of 65%. It is important to note that the guideline value register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 275 to Rs 1,400 per sq.ft. The median value for these streets is Rs 440 per sq.ft, indicating that the guideline value of Rs 330 per sq.ft for Sapthar Hasmi Nagar 2 nd Part is below this median.

Stamp duty and registration fee for property in Sapthar Hasmi Nagar 2 nd Part

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is charged at 7%, which would be Rs 23,100, and the registration fee at 2% amounts to Rs 6,600. Together, the total cost for stamp duty and registration fee would be Rs 29,700. It is essential 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 detailed calculations.

Which Sub Registrar Office covers Sapthar Hasmi Nagar 2 nd Part?

The Sub Registrar Office that covers Sapthar Hasmi Nagar 2 nd Part is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

When buying or selling property in Atthivakkam, the guideline value plays a crucial role during the registration process. It is the value set by the government for the purpose of calculating stamp duty and registration fees, ensuring that these costs are standardized across the region.

Buyers and sellers must be aware that the guideline value is used to determine the minimum value on which stamp duty is calculated. If the sale price exceeds the guideline value, the stamp duty will be charged on the higher amount.

Frequently asked questions

What is the current guideline value of Sapthar Hasmi Nagar 2 nd Part?

The current guideline value of Sapthar Hasmi Nagar 2 nd Part is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 65% over the years.

What is the registration office for Sapthar Hasmi Nagar 2 nd Part?

The registration office for Sapthar Hasmi Nagar 2 nd Part is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher.

How do I calculate the total cost for stamp duty and registration?

To calculate the total cost for stamp duty and registration, multiply the guideline value by the respective rates. For example, for a 1,000 sq.ft plot at Rs 330 per sq.ft, the total guideline value is Rs 3,30,000, leading to a stamp duty of Rs 23,100 and a registration fee of Rs 6,600, totaling Rs 29,700.