Guideline Value

Corporate

Guideline Value for Shanthi Nagar Annex II

₹275/sq.ft.

The guideline value for Shanthi Nagar Annex Ii in Chendrampakkam 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

Chendrampakkam

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 ₹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 Shanthi Nagar Annex Ii

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Shanthi Nagar Annex II guideline value

The current guideline value of Shanthi Nagar Annex II is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Chendrampakkam village and falls under the Redhills SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Shanthi Nagar Annex II has changed

Over the years, the guideline value of Shanthi Nagar Annex II has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 167 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 250 per sq.ft in 2023, and then it rose again to the current rate of Rs 275 per sq.ft in 2024, which is a 10% increase from the previous year.

For the revisions without figures, the register does not provide any data for the years 2002 and 2003. The overall change from 2007 to 2024 shows an increase of 175%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Chendrampakkam

In Chendrampakkam, there are 13 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 165 to Rs 385 per sq.ft. The median value for these streets is Rs 275 per sq.ft, which is the same as the guideline value for Shanthi Nagar Annex II.

Stamp duty and registration fee for property in Shanthi Nagar Annex II

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 fees to Rs 24,750. It is important to note that 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 Shanthi Nagar Annex II?

The Sub Registrar Office that covers Shanthi Nagar Annex II 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chendrampakkam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions. The guideline value ensures that the property is assessed at a fair rate for taxation purposes.

When a buyer is ready to purchase property, the guideline value will determine the minimum value on which the stamp duty is calculated. This value is essential for both the buyer and seller, as it influences the overall cost of the transaction and the legal obligations involved.

Frequently asked questions

What is the current guideline value of Shanthi Nagar Annex II?

The current guideline value of Shanthi Nagar Annex II 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 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Shanthi Nagar Annex II?

Shanthi Nagar Annex II is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Shanthi Nagar Annex II located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 24,750.