Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Lakshmi Ganapathy Nagar

₹515/sq.ft.

The guideline value for Sri Lakshmi Ganapathy Nagar in Sholavaram village (Redhills SRO, Chennai zone) is Rs 515 per sq.ft, effective 1 July 2024. It was Rs 469 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholavaram

Village

Redhills

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹515 /sq.ft.
From 1-4-2023 ₹469 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /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 Lakshmi Ganapathy Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Lakshmi Ganapathy Nagar guideline value

The current guideline value for Sri Lakshmi Ganapathy Nagar is Rs 515 per sq.ft, effective from 1 July 2024. This area is located in Sholavaram village under the Redhills SRO and is classified as Residential Class II Type - II.

How the guideline value of Sri Lakshmi Ganapathy Nagar has changed

In the 2017 revision, the guideline value for Sri Lakshmi Ganapathy Nagar was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, but it increased to Rs 515 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 10%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions with figures available are from 2017, 2023, and 2024.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Sri Lakshmi Ganapathy Nagar is below this median.

Stamp duty and registration fee for property in Sri Lakshmi Ganapathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 515 per sq.ft, the guideline value is Rs 5,15,000. The stamp duty at 7% amounts to Rs 36,050, and the registration fee at 2% is Rs 10,300, totaling Rs 46,350. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Ganapathy Nagar?

The Sub Registrar Office that covers Sri Lakshmi Ganapathy 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 Sholavaram

The guideline value is a crucial factor in property transactions in Sholavaram, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. Conversely, if the sale price is lower, the duty will be charged on the guideline value.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Ganapathy Nagar?

The current guideline value of Sri Lakshmi Ganapathy Nagar is Rs 515 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 515 per sq.ft in 2024, marking a 10% increase. There were no changes recorded in the 2023 revision.

What are the guideline values of other streets in Sholavaram?

Other streets in Sholavaram have varying guideline values. For example, Sri Krishna Avenue is Rs 1,320 per sq.ft, while Sridhar Nagar, Srinivasa Nagar Annex, and Sri Chengalamman Garden are all at Rs 550 per sq.ft. Sri Ragavendra Modern Town is at Rs 660 per sq.ft, and Sri Amman Nagar is at Rs 770 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Lakshmi Ganapathy Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 5,15,000, the total stamp duty and registration fees amount to Rs 46,350.

Which office handles registrations for Sri Lakshmi Ganapathy Nagar?

The Redhills Sub Registrar Office handles registrations for Sri Lakshmi Ganapathy Nagar. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.