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Guideline Value

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Guideline Value for Sastha Nagar Phase I & II

₹220/sq.ft.

The guideline value for Sastha Nagar Phase I & Ii in Perungavur village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 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

Perungavur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /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 Sastha Nagar Phase I & Ii

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Sastha Nagar Phase I & II guideline value

The current guideline value for Sastha Nagar Phase I & II is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sastha Nagar Phase I & II has changed

Over the years, the guideline value for Sastha Nagar Phase I & II has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, there was a notable decrease to Rs 134 per sq.ft in the 2017 revision. The value rose again to Rs 200 per sq.ft in 2023 and is now Rs 220 per sq.ft as of 2024. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, followed by a further increase of 10% from 2023 to 2024. The overall change from 2007 to 2024 reflects a significant increase of 120% in the guideline value for this area.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median of Rs 275 per sq.ft. Sastha Nagar Phase I & II's guideline value is below this median.

Stamp duty and registration fee for property in Sastha Nagar Phase I & II

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. 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 information.

Which Sub Registrar Office covers Sastha Nagar Phase I & II?

The Sub Registrar Office that covers Sastha Nagar Phase I & II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Perungavur. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

At the time of registration, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sastha Nagar Phase I & II?

The current guideline value for Sastha Nagar Phase I & II is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the registration office for Sastha Nagar Phase I & II?

The registration office for Sastha Nagar Phase I & II 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 property in Sastha Nagar Phase I & II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 at a rate of 7%.

What are the other streets in Perungavur with their guideline values?

Other streets in Perungavur include Sastha Nagar at Rs 220 per sq.ft, Sanjay Nagar and Senthil Nagar at Rs 275 per sq.ft, and Sakthi Nagar and Senthil Nagar Part-II at Rs 220 per sq.ft.