Guideline Value

Corporate

Guideline Value for Sivaraj 3rd Lane

₹1650/sq.ft.

The guideline value for Sivaraj 3rd Lane 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 ₹130 /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 Sivaraj 3rd Lane

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

Sivaraj 3rd Lane guideline value

The current guideline value of Sivaraj 3rd Lane is Rs 1,650 per sq.ft, effective from 1 July 2024. This lane is located in Puzhal village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivaraj 3rd Lane has changed

The guideline value for Sivaraj 3rd Lane has undergone several revisions over the years. The earliest recorded figure in 2003 was Rs 130 per sq.ft. This value increased significantly to Rs 400 per sq.ft in 2007, followed by a substantial jump to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 1,650 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value saw a notable increase of 49%. The jump from 2023 to 2024 reflects a 10% rise. The increase from 2012 to 2017 was a decrease of 33%, while the value surged by 275% from 2007 to 2012. The increase from 2003 to 2007 was 208%. Overall, from 2003 to 2024, the guideline value has increased by 1169%.

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 in this area is Rs 1,102 per sq.ft, making the 2024 figure for Sivaraj 3rd Lane above this median.

Stamp duty and registration fee for property in Sivaraj 3rd Lane

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 be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivaraj 3rd Lane?

The Sub Registrar Office that covers Sivaraj 3rd Lane 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 a crucial factor when buying or selling property in Puzhal. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware of the current guideline value to ensure they comply with legal requirements during the registration process.

When a property is registered, the guideline value serves as a benchmark to assess the transaction's legitimacy. It helps in preventing undervaluation and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sivaraj 3rd Lane?

The current guideline value of Sivaraj 3rd Lane 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 130 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 1169% over the years.

What are the stamp duty and registration fees for properties in Sivaraj 3rd Lane?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost would be Rs 1,48,500.

Which office handles registrations for Sivaraj 3rd Lane?

The Redhills Sub Registrar Office handles registrations for Sivaraj 3rd Lane, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Sivaraj 3rd Lane?

The land classification for Sivaraj 3rd Lane is Residential Class I Type - I.