Guideline Value

Corporate

Guideline Value for Sarabeshwara Nagar

₹1004/sq.ft.

The guideline value for Sarabeshwara Nagar in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1004 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 67% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1004 /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 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 Sarabeshwara Nagar

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Sarabeshwara Nagar guideline value

The current guideline value of Sarabeshwara Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024. This locality is situated in Vadaperumbakkam village, under the jurisdiction of the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sarabeshwara Nagar has changed

Over the years, the guideline value of Sarabeshwara Nagar has seen significant changes. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017. The 2023 revision raised it to Rs 600 per sq.ft, and the most recent 2024 revision has set it at Rs 1,004 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was a notable 67%. Overall, from 2007 to 2024, the guideline value has risen by 235%, reflecting the changes made through the revisions over the years.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Sarabeshwara Nagar's 2024 figure slightly above the median.

Stamp duty and registration fee for property in Sarabeshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value amounts to Rs 10,04,000. The stamp duty at 7% would be Rs 70,280, while the registration fee at 2% would be Rs 20,080. Together, the total cost for stamp duty and registration fee would be Rs 90,360. 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 Sarabeshwara Nagar?

The Sub Registrar Office that covers Sarabeshwara 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Vadaperumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is an essential reference point for both buyers and sellers to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sarabeshwara Nagar?

The current guideline value of Sarabeshwara Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,004 per sq.ft in 2024, with various revisions occurring in between.

What is the registration office for Sarabeshwara Nagar?

The registration office for Sarabeshwara Nagar 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 Sarabeshwara Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,04,000, the stamp duty at 7% would be Rs 70,280.

What are the other streets in Vadaperumbakkam with guideline values?

Other streets in Vadaperumbakkam include Saraswathi Nagar, Sarathi Nagar, Sangeetha Nagar, Samuvel Nagar Part-II, Samuel Nagar Part-I, and Samuel Nagar Part, with guideline values ranging from Rs 1,000 to Rs 1,006 per sq.ft in 2024.