Guideline Value

Corporate

Guideline Value for Sri Chengalamman Nagar

₹440/sq.ft.

The guideline value for Sri Chengalamman Nagar in Vilangadupakkam 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III 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 ₹200 /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 Sri Chengalamman Nagar

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Sri Chengalamman Nagar guideline value

The current guideline value of Sri Chengalamman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Chengalamman Nagar has changed

Over the years, the guideline value of Sri Chengalamman Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it dropped to Rs 268 per sq.ft in the 2017 revision, before rising to Rs 400 per sq.ft again in 2023, and finally reaching Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

The changes between these revisions reflect significant fluctuations. From 2007 to 2012, there was a 100% increase, followed by a 33% decrease from 2012 to 2017. The value then surged by 49% from 2017 to 2023, culminating in an overall increase of 120% from 2007 to 2024. It is important to note that the register has no figures for this street for the years 2002 and 2003.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, which is the same as the guideline value for Sri Chengalamman Nagar.

Stamp duty and registration fee for property in Sri Chengalamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and 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. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Chengalamman Nagar?

Sri Chengalamman Nagar falls under the jurisdiction of the Redhills Sub Registrar Office. The office is 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 Vilangadupakkam

The guideline value is a crucial factor when buying or selling property in Vilangadupakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value can influence the stamp duty and registration fees applicable during the transaction.

When a property is registered, the authorities will refer to the guideline value to assess the applicable charges. Therefore, understanding the current guideline value is essential for both buyers and sellers to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Chengalamman Nagar?

The current guideline value of Sri Chengalamman 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 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with significant fluctuations in between, including a drop to Rs 268 per sq.ft in 2017.

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

Other streets in Vilangadupakkam with the same guideline value of Rs 440 per sq.ft include Sri Chakra Garden, Sri Devi Nagar, Sri Elumalai Avenue, Sri Balaji Nagar, Sri Astalakshmi Nagar, and Sri Jayamaruthi Nagar.

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 the stamp duty calculated for properties in Sri Chengalamman Nagar?

Stamp duty for properties in Sri Chengalamman Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800.