Guideline Value

Corporate

Guideline Value for Sri Jaya Durga Nagar

₹440/sq.ft.

The guideline value for Sri Jaya Durga 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 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹13 /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 Jaya Durga Nagar

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Sri Jaya Durga Nagar guideline value

The current guideline value of Sri Jaya Durga Nagar, located in Sothupakkam village under the Redhills SRO, is Rs 440 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 Jaya Durga Nagar has changed

The guideline value for Sri Jaya Durga Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 13 per sq.ft. This increased to Rs 200 per sq.ft in 2007, marking a substantial rise of 1438%. The value then went up to Rs 400 per sq.ft in 2012, reflecting a 100% increase from the previous revision. However, it dropped to Rs 268 per sq.ft in 2017, showing a decrease of 33%. The value rose again to Rs 400 per sq.ft in 2023, and finally, it increased to Rs 440 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 3285%. It is important to note that there is no figure available for the year 2002 for this street in the register.

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 guideline value of Sri Jaya Durga Nagar.

Stamp duty and registration fee for property in Sri Jaya Durga 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, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Jaya Durga Nagar?

The Sub Registrar Office that covers Sri Jaya Durga 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 Sothupakkam

The guideline value plays a crucial role in the registration process of property transactions in Sothupakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Jaya Durga Nagar?

The current guideline value of Sri Jaya Durga 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 significantly from Rs 13 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 3285% over the years.

What is the registration office for Sri Jaya Durga Nagar?

The registration office for Sri Jaya Durga Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 39,600 in fees.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate fees using the stamp duty and registration fee calculator.