Guideline Value

Corporate

Guideline Value for Shainsha Baba Nagar

₹275/sq.ft.

The guideline value for Shainsha Baba Nagar in Orakadu & Kiruthalapuram village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 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

Orakadu & Kiruthalapuram

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹16 /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 Shainsha Baba Nagar

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Shainsha Baba Nagar guideline value

The current guideline value of Shainsha Baba Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is part of Orakadu & Kiruthalapuram village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Shainsha Baba Nagar has changed

The guideline value for Shainsha Baba Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 16 per sq.ft. In 2007, it increased significantly to Rs 200 per sq.ft, marking a change of +1150%. The 2012 revision saw the value at Rs 250 per sq.ft, which was a decrease of -33% from the previous revision. In 2017, the value rose to Rs 167 per sq.ft, and then in 2023, it increased to Rs 250 per sq.ft. The latest revision in 2024 set the guideline value at Rs 275 per sq.ft, reflecting an increase of +10% from 2023.

Overall, from 2003 to 2024, the guideline value has increased by +1619%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft, with a median value of Rs 385 per sq.ft. Shainsha Baba Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Shainsha Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shainsha Baba Nagar?

The Sub Registrar Office that covers Shainsha Baba 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 Orakadu & Kiruthalapuram

When buying or selling property in Orakadu & Kiruthalapuram, the guideline value is used to determine the stamp duty and registration fees. The guideline value is a reference point set by the government, and it helps in calculating the taxes applicable during property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it influences the overall cost of property transactions. Accurate knowledge of these values ensures compliance with legal requirements and helps in financial planning.

Frequently asked questions

What is the current guideline value of Shainsha Baba Nagar?

The current guideline value of Shainsha Baba Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 16 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting an overall increase of +1619% over this period.

What is the registration office for Shainsha Baba Nagar?

The registration office for Shainsha Baba 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 Shainsha Baba Nagar?

Stamp duty for properties in Shainsha Baba Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250 at 7%.

What is the median guideline value in Orakadu & Kiruthalapuram?

The median guideline value in Orakadu & Kiruthalapuram is Rs 385 per sq.ft, with Shainsha Baba Nagar's current value being below this median.