Guideline Value

Corporate

Guideline Value for Sastha Nagar

₹220/sq.ft.

The guideline value for Sastha Nagar 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

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Sastha Nagar guideline value

The current guideline value of Sastha Nagar, located in Perungavur village under the Redhills SRO, is Rs 220 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Sastha Nagar has changed

The guideline value of Sastha Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012, marking a 100% increase. However, in 2017, the value dropped to Rs 134 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 200 per sq.ft, and the most recent 2024 revision has increased it to Rs 220 per sq.ft, reflecting a 10% rise.

In summary, the guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, which is an overall increase of 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungavur

Within Perungavur village, there are 79 streets under the Redhills SRO, with guideline values ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Sastha Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Sastha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total 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, totaling Rs 19,800. Please note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sastha Nagar?

The Sub Registrar Office that covers Sastha 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 information.

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

When buying or selling property in Perungavur, the guideline value serves as a benchmark for calculating stamp duty and registration fees. The buyer must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately in the land registry.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. Understanding this value helps in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Sastha Nagar?

The current guideline value of Sastha Nagar is Rs 220 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the land classification for Sastha Nagar?

Sastha Nagar falls under the Residential Class III Type - I land classification, which is important for determining the usage and regulations applicable to the area.

What are the stamp duty and registration fees for property in Sastha Nagar?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800. These fees are based on the guideline value.

Which office should I contact for registration in Sastha Nagar?

The Redhills Sub Registrar Office is responsible for property registrations in Sastha Nagar. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.