Guideline Value

Corporate

Guideline Value for Sri Ram Modern City

₹990/sq.ft.

The guideline value for Sri Ram Modern City in Alamathi village (Redhills SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Alamathi

Village

Redhills

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /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 Ram Modern City

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Sri Ram Modern City guideline value

The current guideline value of Sri Ram Modern City is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Alamathi village under the Redhills Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Sri Ram Modern City has changed

The guideline value for Sri Ram Modern City has undergone several revisions over the years. Starting from Rs 20 per sq.ft in 2003, it increased significantly to Rs 200 per sq.ft in 2007. The value then rose to Rs 900 per sq.ft in 2012, before dropping to Rs 603 per sq.ft in 2017. Following this, it saw a substantial increase to Rs 900 per sq.ft in 2023, and finally reached Rs 990 per sq.ft in the 2024 revision.

Overall, from 2003 to 2024, the guideline value has increased by 4850%. The changes between the revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 350% increase from 2007 to 2012, and a remarkable 900% increase from 2003 to 2007. The register does not have a figure for the year 2002 for this street.

Guideline values in Alamathi

In Alamathi, 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 Ram Modern City is above this median.

Stamp duty and registration fee for property in Sri Ram Modern City

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. 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 details.

Which Sub Registrar Office covers Sri Ram Modern City?

Sri Ram Modern City falls under the jurisdiction of the Redhills Sub Registrar Office. The office is 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 Alamathi

The guideline value is a crucial factor when buying or selling property in Alamathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall transaction costs.

When registering a property, the guideline value is used to assess the applicable fees, ensuring that both parties are aware of the financial implications involved in the transaction. It is essential to consult the latest guideline values to ensure accurate calculations.

Frequently asked questions

What is the current guideline value of Sri Ram Modern City?

The current guideline value of Sri Ram Modern City is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 20 per sq.ft in 2003 to Rs 990 per sq.ft in 2024, with various increases and one decrease in between.

What is the registration office for Sri Ram Modern City?

The registration office covering Sri Ram Modern City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Sri Ram Modern City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 69,300 at the current guideline value.

What is the land classification of Sri Ram Modern City?

Sri Ram Modern City is classified as Residential Special Type - II, which affects its guideline value and usage regulations.