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Guideline Value

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Guideline Value for Sri Dhanalakshmi Nagar Phase I

₹220/sq.ft.

The guideline value for Sri Dhanalakshmi Nagar Phase I in Perungavur village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 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

Perungavur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
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 Dhanalakshmi Nagar Phase I

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Sri Dhanalakshmi Nagar Phase I guideline value

The current guideline value of Sri Dhanalakshmi Nagar Phase I is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sri Dhanalakshmi Nagar Phase I has changed

The guideline value for Sri Dhanalakshmi Nagar Phase I has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 200 per sq.ft. This was followed by a decrease in 2017 to Rs 134 per sq.ft, marking a decline of 33%. In 2023, the value increased significantly to Rs 200 per sq.ft, and in the latest revision for 2024, it further increased to Rs 220 per sq.ft, reflecting a growth of 10% from the previous year.

In total, from 2012 to 2024, the overall increase in guideline value is 10%. The 2023 to 2024 revision shows a 10% increase, while the jump from 2017 to 2023 represents a 49% rise. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 275 per sq.ft. The guideline value for Sri Dhanalakshmi Nagar Phase I is below this median.

Stamp duty and registration fee for property in Sri Dhanalakshmi Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% is Rs 15,400, while the registration fee at 2% is Rs 4,400, bringing the total to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Dhanalakshmi Nagar Phase I?

The Sub Registrar Office that covers Sri Dhanalakshmi Nagar Phase I 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 Perungavur

The guideline value plays a crucial role in the registration process when buying or selling property in Perungavur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

When a property is registered, the guideline value is assessed to calculate the applicable charges. It is essential to note that the stamp duty is charged based on the higher value between the guideline value and the sale price, ensuring that the registration reflects the true worth of the property.

Frequently asked questions

What is the current guideline value of Sri Dhanalakshmi Nagar Phase I?

The current guideline value of Sri Dhanalakshmi Nagar Phase I is Rs 220 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 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Sri Dhanalakshmi Nagar Phase I?

The land classification for Sri Dhanalakshmi Nagar Phase I is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sri Dhanalakshmi Nagar Phase I?

The Sub Registrar Office for Sri Dhanalakshmi Nagar Phase I 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 Dhanalakshmi Nagar Phase I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 220 per sq.ft would incur a total stamp duty of Rs 15,400.