Guideline Value

Corporate

Guideline Value for Shanthi Nagar Annex IV

₹275/sq.ft.

The guideline value for Shanthi Nagar Annex Iv in Perungavur 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

Perungavur

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 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 Iv

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Shanthi Nagar Annex IV guideline value

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

How the guideline value of Shanthi Nagar Annex IV has changed

The guideline value for Shanthi Nagar Annex IV has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, it then decreased to Rs 167 per sq.ft in 2017. The 2023 revision set the value at Rs 250 per sq.ft, and the most recent revision in 2024 raised it to Rs 275 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. The value increased by 25% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 50% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 38%.

Guideline values in Perungavur

In Perungavur village, 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. The median guideline value is Rs 275 per sq.ft, which is equal to the current value of Shanthi Nagar Annex IV.

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

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, totaling Rs 24,750. It is important to note that the 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 Shanthi Nagar Annex IV?

The Sub Registrar Office covering Shanthi Nagar Annex IV 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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungavur. It serves as a base for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to determine the applicable taxes, which are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Shanthi Nagar Annex IV 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 200 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 38% over the years.

What is the land classification for Shanthi Nagar Annex IV?

The land classification for Shanthi Nagar Annex IV is Residential Class II Type - I.

Where can I find the registration office for Shanthi Nagar Annex IV?

The registration office covering Shanthi Nagar Annex IV 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 Shanthi Nagar Annex IV?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 275 per sq.ft, the total stamp duty would be Rs 19,250.