Guideline Value

Corporate

Guideline Value for Sri Abirami Nagar Extn - II

₹550/sq.ft.

The guideline value for Sri Abirami Nagar Extn - Ii in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Pammathukulam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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 Sri Abirami Nagar Extn - Ii

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Sri Abirami Nagar Extn - II guideline value

The current guideline value of Sri Abirami Nagar Extn - II is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Pammathukulam village and falls under the Redhills SRO. It is classified as Residential Class II Type - I land.

How the guideline value of Sri Abirami Nagar Extn - II has changed

The guideline value for Sri Abirami Nagar Extn - II has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 500 per sq.ft, marking a 49% increase from the previous figure. The most recent revision in 2024 saw another increase to Rs 550 per sq.ft, which is a 10% rise from the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft. The median value is Rs 550 per sq.ft, which is the same as the guideline value for Sri Abirami Nagar Extn - II. Below are the guideline values for other streets in Pammathukulam:

Stamp duty and registration fee for property in Sri Abirami Nagar Extn - II

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Abirami Nagar Extn - II?

The Sub Registrar Office covering Sri Abirami Nagar Extn - II is the Redhills Sub Registrar Office. The address is 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 Pammathukulam

The guideline value plays a crucial role during property registration in Pammathukulam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for legal transactions. Buyers and sellers must be aware that the guideline value is essential for determining the official value of the property during the registration process.

When a property is bought or sold, the guideline value is used to ensure that the transaction is recorded accurately in the official records. This helps in maintaining transparency and consistency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Sri Abirami Nagar Extn - II?

The current guideline value of Sri Abirami Nagar Extn - II is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. Overall, this marks a 64% increase from the 2017 figure to the 2024 figure.

What are the other streets in Pammathukulam with their guideline values?

Other streets in Pammathukulam include Sri Abirami Nagar Extention - 1, Sri Abirami Nagar Extention, Sri Abirami Nagar, Sri Balaji Nagar, Southern Railway Employees Nagar, and Sri Ganapathy Nagar, with values ranging from Rs 330 to Rs 660 per sq.ft.

What is the stamp duty rate for property in Sri Abirami Nagar Extn - II?

The stamp duty rate for property in Sri Abirami Nagar Extn - II is 7%. This is applied to the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Abirami Nagar Extn - II located?

The Sub Registrar Office for Sri Abirami Nagar Extn - II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.