Guideline Value

Corporate

Guideline Value for Shanthi Nagar

₹275/sq.ft.

The guideline value for Shanthi Nagar 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 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹14 /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]

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Shanthi Nagar guideline value

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

How the guideline value of Shanthi Nagar has changed

Over the years, the guideline value of Shanthi Nagar has seen significant changes. The earliest recorded figure in 2003 was Rs 14 per sq.ft. This value increased dramatically to Rs 200 per sq.ft in 2007, marking an increase of 1329%. In 2012, the value was Rs 250 per sq.ft, reflecting a decrease of 33% from the previous revision. The guideline value then remained at Rs 250 per sq.ft until 2017, when it rose to Rs 167 per sq.ft. Following this, the 2023 revision set the value at Rs 250 per sq.ft, leading to a 50% increase. The latest revision in 2024 has brought the guideline value to Rs 275 per sq.ft, a 10% increase from 2023.

It is important to note that the register has no figure for Shanthi Nagar for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1864%.

Guideline values in Chendrampakkam

In Chendrampakkam, there are 13 streets under the Redhills SRO that have 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 equal to the current guideline value of Shanthi Nagar.

Stamp duty and registration fee for property in Shanthi 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 guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Nagar?

Shanthi Nagar falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 is a critical factor during the registration process when buying or selling property in Chendrampakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid to the government.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue based on the property's assessed value. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Shanthi Nagar?

The current guideline value of Shanthi 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 14 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 1864% over this period.

What is the land classification for Shanthi Nagar?

Shanthi Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Shanthi Nagar?

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

How is stamp duty calculated for properties in Shanthi Nagar?

Stamp duty for properties in Shanthi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the current guideline value incurs a total stamp duty of Rs 19,250.