Guideline Value

Corporate

Guideline Value for Sri Devi Nagar

₹1100/sq.ft.

The guideline value for Sri Devi Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹58 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹567 /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 Devi Nagar

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Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Devi Nagar has changed

The guideline value for Sri Devi Nagar has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 567 per sq.ft. In 2003, it decreased to Rs 58 per sq.ft, followed by a significant increase to Rs 300 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 800 per sq.ft, but it then dropped to Rs 536 per sq.ft in 2017. The value continued to increase, reaching Rs 1,000 per sq.ft in 2023, and finally, it is now Rs 1,100 per sq.ft in 2024.

Between the revisions, there were notable changes. From 2002 to 2003, the value decreased by 90%. However, from 2003 to 2007, it increased by 417%. The value rose by 167% from 2007 to 2012, but then it fell by 33% from 2012 to 2017. The most significant increase occurred from 2017 to 2023, where the value increased by 87%. The latest revision from 2023 to 2024 shows a 10% increase.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, placing Sri Devi Nagar's 2024 figure slightly below that median.

Stamp duty and registration fee for property in Sri Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Sri Devi Nagar?

The Sub Registrar Office covering Sri Devi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puzhal. It determines the minimum value at which the property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When a buyer approaches the registration office, the guideline value will be referenced to ensure that the property is not sold below this value. This practice helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 567 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Sri Devi Nagar?

Sri Devi Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Sri Devi Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Sri Devi Nagar located?

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