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

Guideline Value

Corporate

Guideline Value for Sri Ragavendra Modern Town

₹550/sq.ft.

The guideline value for Sri Ragavendra Modern Town in Alamathi village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Alamathi

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹19 /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 Ragavendra Modern Town

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 Ragavendra Modern Town guideline value

The current guideline value of Sri Ragavendra Modern Town is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Alamathi village under the Redhills SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Ragavendra Modern Town has changed

The guideline value for Sri Ragavendra Modern Town has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 19 per sq.ft. It then increased significantly to Rs 200 per sq.ft in 2007, followed by a jump to Rs 500 per sq.ft in 2012. However, in 2017, the value decreased to Rs 335 per sq.ft. The value saw a notable increase to Rs 500 per sq.ft in 2023, and it has now risen to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2795%. Notably, there is no recorded figure for the year 2002 for this street in the register.

Guideline values in Alamathi

In Alamathi village, there are 54 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft, with the median value being Rs 550 per sq.ft. The guideline value for Sri Ragavendra Modern Town aligns exactly with this median.

Stamp duty and registration fee for property in Sri Ragavendra Modern Town

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ragavendra Modern Town?

The Sub Registrar Office covering Sri Ragavendra Modern Town 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Alamathi. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sri Ragavendra Modern Town?

The current guideline value of Sri Ragavendra Modern Town is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 19 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, marking an overall increase of 2795% over this period.

What are the other streets in Alamathi with their guideline values?

Other streets in Alamathi include Sri Ram Modern City and Sri Ram Nagar, both valued at Rs 990 per sq.ft, and Sri Vari Garden at Rs 1,100 per sq.ft, among others.

What fees are associated with buying property in Sri Ragavendra Modern Town?

When buying property, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Ragavendra Modern Town located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.