Guideline Value

Corporate

Guideline Value for Sri Lakshmi Ngar Extn.1

₹275/sq.ft.

The guideline value for Sri Lakshmi Ngar Extn.1 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 Ngar Extn.1

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Sri Lakshmi Ngar Extn.1 guideline value

The current guideline value for Sri Lakshmi Ngar Extn.1 in Sirungavoor village is Rs 275 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Lakshmi Ngar Extn.1 has changed

The guideline value for Sri Lakshmi Ngar Extn.1 has seen several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which 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 reduction of 33% from the previous figure. The value then increased to Rs 250 per sq.ft in 2023, and finally, it reached Rs 275 per sq.ft in the 2024 revision, reflecting a 10% increase from the 2023 figure.

Between 2017 and 2023, 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, with the median value being Rs 275 per sq.ft. The guideline value for Sri Lakshmi Ngar Extn.1 matches this median value.

Stamp duty and registration fee for property in Sri Lakshmi Ngar Extn.1

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 fees to Rs 24,750. Please 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 more details.

Which Sub Registrar Office covers Sri Lakshmi Ngar Extn.1?

The Sri Lakshmi Ngar Extn.1 area falls under 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 is a crucial factor in the registration process when buying or selling property in Sirungavoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Sri Lakshmi Ngar Extn.1?

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

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for a property in Sri Lakshmi Ngar Extn.1?

For a 1,000 sq.ft property, the total guideline value is Rs 2,75,000. The stamp duty would be Rs 19,250, and the registration fee would be Rs 5,500, totaling Rs 24,750.

Which Sub Registrar Office covers the area of Sri Lakshmi Ngar Extn.1?

The Redhills Sub Registrar Office covers the area of Sri Lakshmi Ngar Extn.1, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher amount is used for calculating the duties and fees.