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Guideline Value

Corporate

Guideline Value for Sri Bhavani Amman Nagar

₹440/sq.ft.

The guideline value for Sri Bhavani Amman Nagar in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Sothupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹21 /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 Sri Bhavani Amman Nagar

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Sri Bhavani Amman Nagar guideline value

The current guideline value of Sri Bhavani Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Sothupakkam village, under the jurisdiction of the Redhills Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Bhavani Amman Nagar has changed

The guideline value for Sri Bhavani Amman Nagar has seen several revisions over the years. Starting from Rs 21 per sq.ft in 2003, it increased significantly to Rs 300 per sq.ft in 2007. The value then rose to Rs 400 per sq.ft in 2012, before decreasing to Rs 268 per sq.ft in 2017. Following this, the value increased again to Rs 400 per sq.ft in 2023, and finally reached Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from 2003 to 2024, the guideline value has increased by a substantial 1995%. The register has no figure for the year 2002 for this street.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,150 per sq.ft. The median value for these streets is Rs 440 per sq.ft, which is equal to the current guideline value of Sri Bhavani Amman Nagar.

Stamp duty and registration fee for property in Sri Bhavani Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Bhavani Amman Nagar?

The Sri Bhavani Amman Nagar area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sothupakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Sothupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Bhavani Amman Nagar?

The current guideline value of Sri Bhavani Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 21 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, with several revisions occurring in between.

What is the land classification for Sri Bhavani Amman Nagar?

The land classification for Sri Bhavani Amman Nagar is Residential Class II Type - I.

Where can I find the registration office for Sri Bhavani Amman Nagar?

The registration office for Sri Bhavani Amman Nagar 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 Sri Bhavani Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 30,800.