Guideline Value

Corporate

Guideline Value for Sri Krishna Nagar Annexe

₹660/sq.ft.

The guideline value for Sri Krishna Nagar Annexe 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 N/A
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 Krishna Nagar Annexe

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Sri Krishna Nagar Annexe guideline value

The current guideline value of Sri Krishna Nagar Annexe 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 Annexe has changed

The guideline value for Sri Krishna Nagar Annexe has undergone several revisions since 2017. The 2017 revision set the value at Rs 402 per sq.ft, which increased to Rs 600 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Looking at the overall changes, the guideline value has increased by 64% from Rs 402 per sq.ft in 2017 to Rs 660 per sq.ft in 2024. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

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 guideline value in this area is Rs 660 per sq.ft, which is the same as the current value for Sri Krishna Nagar Annexe.

Stamp duty and registration fee for property in Sri Krishna Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total 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, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Krishna Nagar Annexe?

The Sub Registrar Office that covers Sri Krishna Nagar Annexe 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 Grandlyon

The guideline value is a crucial factor when registering property transactions in Grandlyon. 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 used to calculate the applicable duties and fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar Annexe?

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

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 402 per sq.ft to Rs 660 per sq.ft in 2024, reflecting an overall increase of 64%.

What are the stamp duty and registration fees for properties in Sri Krishna Nagar Annexe?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Which office handles property registrations in Sri Krishna Nagar Annexe?

The Redhills Sub Registrar Office handles property registrations for Sri Krishna Nagar Annexe, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the range of guideline values for other streets in Grandlyon?

The guideline values for other streets in Grandlyon range from Rs 440 to Rs 1,500 per sq.ft, with a median value of Rs 660 per sq.ft, which is the same as that of Sri Krishna Nagar Annexe.