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Guideline Value

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Guideline Value for Sri Karpaga Vinayagar Nagar

₹330/sq.ft.

The guideline value for Sri Karpaga Vinayagar Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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

Pammathukulam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹18 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹166 /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 Karpaga Vinayagar Nagar

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Sri Karpaga Vinayagar Nagar guideline value

The current guideline value of Sri Karpaga Vinayagar Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Pammathukulam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Karpaga Vinayagar Nagar has changed

The guideline value for Sri Karpaga Vinayagar Nagar has seen several revisions over the years. In the 2002 revision, the value was Rs 166 per sq.ft, which changed to Rs 18 per sq.ft in 2003. The value increased significantly to Rs 100 per sq.ft in 2007, followed by a rise to Rs 300 per sq.ft in 2012. However, in 2017, the value decreased to Rs 201 per sq.ft. The 2023 revision set the value at Rs 300 per sq.ft, and the current 2024 revision has increased it to Rs 330 per sq.ft.

From 2017 to 2023, there was a 49% increase, while the value rose by 10% from 2023 to 2024. Notably, the value saw a substantial increase of 200% from 2007 to 2012, and a remarkable 456% from 2003 to 2007. The overall change from 2002 to 2024 is an increase of 99%. There are no figures available for the revisions in years other than those listed.

Guideline values in Pammathukulam

Pammathukulam village has 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Sri Karpaga Vinayagar Nagar is below this median.

Stamp duty and registration fee for property in Sri Karpaga Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. 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 details.

Which Sub Registrar Office covers Sri Karpaga Vinayagar Nagar?

The Sub Registrar Office that covers Sri Karpaga Vinayagar 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 Pammathukulam

The guideline value is a crucial factor when registering property transactions in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that the appropriate taxes are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Karpaga Vinayagar Nagar?

The current guideline value of Sri Karpaga Vinayagar Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 166 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Sri Karpaga Vinayagar Nagar?

Sri Karpaga Vinayagar Nagar is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Karpaga Vinayagar 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 Karpaga Vinayagar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 at 7%.