Guideline Value

Corporate

Guideline Value for Sri Lakshmi Nagar Extn

₹275/sq.ft.

The guideline value for Sri Lakshmi Nagar Extn in Sirungavoor village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirungavoor

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
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 Nagar Extn

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Sri Lakshmi Nagar Extn guideline value

The current guideline value of Sri Lakshmi Nagar Extn, located in Sirungavoor village under the Redhills SRO, is Rs 275 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Lakshmi Nagar Extn has changed

The guideline value of Sri Lakshmi Nagar Extn has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 167 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 250 per sq.ft in 2023, followed by a further increase to Rs 275 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 50%. Overall, from 2007 to 2024, the guideline value has increased by 175%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Sirungavoor

In Sirungavoor, there are 24 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 275 per sq.ft, which is equal to the guideline value of Sri Lakshmi Nagar Extn.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total cost for these fees to Rs 24,750. 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 information.

Which Sub Registrar Office covers Sri Lakshmi Nagar Extn?

The Sri Lakshmi Nagar Extn area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sirungavoor

The guideline value plays a crucial role during the registration of property transactions in Sirungavoor. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are aligned with the official property valuations.

It is essential for both buyers and sellers to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

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

The current guideline value of Sri Lakshmi Nagar Extn is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, reflecting a total increase of 175% over the years.

What are the other streets with the same guideline value in Sirungavoor?

Other streets in Sirungavoor with the same guideline value of Rs 275 per sq.ft include Sri Lakshmi Ngar Extn.1, Sri Parvathi Nagar Annex II Extention, and various phases of Rajiv Gandhi Nagar.

What fees are associated with buying property in Sri Lakshmi Nagar Extn?

When buying property in Sri Lakshmi Nagar Extn, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Lakshmi Nagar Extn?

The Sub Registrar Office covering Sri Lakshmi Nagar Extn is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more information by visiting the link provided.