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Guideline Value

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Guideline Value for Sri Krishna Nagar Annex-I

₹660/sq.ft.

The guideline value for Sri Krishna Nagar Annex-i in Grandlyon village (Redhills SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 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

Grandlyon

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹50 /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 Krishna Nagar Annex-i

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Sri Krishna Nagar Annex-I guideline value

The current guideline value for Sri Krishna Nagar Annex-I is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Grandlyon village and falls under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Krishna Nagar Annex-I has changed

The guideline value for Sri Krishna Nagar Annex-I has seen significant changes over the years. Starting from Rs 50 per sq.ft in 2003, the value increased to Rs 300 per sq.ft in 2007, marking a 500% increase. In 2012, it rose to Rs 600 per sq.ft, a 100% increase from the previous revision. However, in 2017, the value dropped to Rs 402 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 600 per sq.ft in 2023, and finally, it reached Rs 660 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1220%. The register does not have figures for the year 2002 for this street.

Guideline values in Grandlyon

In Grandlyon, there are 82 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the current guideline value for Sri Krishna Nagar Annex-I.

Stamp duty and registration fee for property in Sri Krishna Nagar Annex-I

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 precise calculations.

Which Sub Registrar Office covers Sri Krishna Nagar Annex-I?

The Sri Krishna Nagar Annex-I is covered by 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 Grandlyon

The guideline value plays a crucial role in the registration process when buying or selling property in Grandlyon. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When you register a property, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures transparency and fairness in property transactions, as the guideline value reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar Annex-I?

The current guideline value of Sri Krishna Nagar Annex-I is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting a significant increase of 1220% over this period.

What is the land classification for Sri Krishna Nagar Annex-I?

Sri Krishna Nagar Annex-I 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 Krishna Nagar Annex-I?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Sri Krishna Nagar Annex-I?

The Redhills Sub Registrar Office is responsible for handling registrations for Sri Krishna Nagar Annex-I, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.