Guideline Value

Corporate

Guideline Value for Sri Abirami Nagar

₹550/sq.ft.

The guideline value for Sri Abirami Nagar 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 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹213 /sq.ft.
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

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Sri Abirami Nagar guideline value

The current guideline value of Sri Abirami Nagar, located in Pammathukulam village under the Redhills SRO, is Rs 550 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 Sri Abirami Nagar has changed

The guideline value for Sri Abirami Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 213 per sq.ft. This figure then changed to Rs 22 per sq.ft in 2003, which marked a decrease. In 2007, the value rose significantly to Rs 100 per sq.ft, and by 2012, it was Rs 500 per sq.ft. The next revision in 2017 set the value at Rs 335 per sq.ft, followed by an increase to Rs 500 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the changes from one revision to the next are as follows: from 2002 to 2003, the value decreased by 90%; from 2003 to 2007, it increased by 355%; from 2007 to 2012, it rose by 400%; however, it then decreased by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, from 2023 to 2024, it increased by 10%. Overall, from 2002 to 2024, the guideline value has increased by 158%.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with the median being Rs 550 per sq.ft. The guideline value for Sri Abirami Nagar is equal to this median.

Stamp duty and registration fee for property in Sri Abirami Nagar

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

Which Sub Registrar Office covers Sri Abirami Nagar?

The Sub Registrar Office that covers Sri Abirami Nagar 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 Pammathukulam

The guideline value plays a crucial role in the registration of property transactions in Pammathukulam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is taken into account for calculating the applicable stamp duty and registration fees.

During the registration process, the buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures compliance with the regulations set by the Registration Department. The guideline value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Sri Abirami Nagar?

The current guideline value of Sri Abirami Nagar 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 213 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, reflecting various increases and decreases through the years.

What is the land classification of Sri Abirami Nagar?

Sri Abirami Nagar is classified as Residential Class II Type - I under the land classification system.

Where can I find the Redhills Sub Registrar Office?

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

How is stamp duty calculated for properties in Sri Abirami Nagar?

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 current rate, the stamp duty would be Rs 38,500.