Guideline Value

Corporate

Guideline Value for Sivaraj 1st Street

₹1650/sq.ft.

The guideline value for Sivaraj 1st Street in Puzhal village (Redhills SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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 Sivaraj 1st Street

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Sivaraj 1st Street guideline value

The current guideline value of Sivaraj 1st Street in Puzhal village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Sivaraj 1st Street has changed

The guideline value for Sivaraj 1st Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision saw a notable increase to Rs 1,500 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 313%. The revisions for the years 2002 and 2003 do not have any figures recorded for Sivaraj 1st Street.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Sivaraj 1st Street's 2024 figure above this median.

Stamp duty and registration fee for property in Sivaraj 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please 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 Sivaraj 1st Street?

The Sub Registrar Office that covers Sivaraj 1st Street 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 Puzhal

The guideline value is an essential factor in the registration process when buying or selling property in Puzhal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the property is valued appropriately according to government standards.

When a property is sold, the guideline value helps in determining the legal obligations of both the buyer and seller. It is crucial to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Sivaraj 1st Street?

The current guideline value of Sivaraj 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 313% over the years.

What is the registration office for Sivaraj 1st Street?

The registration office for Sivaraj 1st Street 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 Sivaraj 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.

What are the other streets in Puzhal with the same guideline value?

Other streets in Puzhal with the same guideline value of Rs 1,650 per sq.ft include Sivaraj 2nd Lane, Sivaraj 2nd Street, Sivaraj 3rd Lane, Sivaraj First Lane, and Sivaraj Main Road.