Guideline Value

Corporate

Guideline Value for Sri Ram Nagar

₹440/sq.ft.

The guideline value for Sri Ram Nagar in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Sothupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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 Ram Nagar

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Sri Ram Nagar guideline value

The current guideline value for Sri Ram Nagar, located in Sothupakkam village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sri Ram Nagar has changed

Over the years, the guideline value for Sri Ram Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was followed by a decrease to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sothupakkam

Sothupakkam village features a range of guideline values across its 49 streets under the Redhills SRO, with the 2024 figures ranging from Rs 330 to Rs 1,150 per sq.ft. The median guideline value in this area is Rs 440 per sq.ft, which aligns with the current value for Sri Ram Nagar.

Stamp duty and registration fee for property in Sri Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. 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 Ram Nagar?

The Sri Ram Nagar area is covered by 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 Sothupakkam

The guideline value plays a crucial role in property transactions in Sothupakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

Additionally, the guideline value helps maintain transparency in property transactions, as it is publicly available information. Buyers and sellers can refer to the guideline value to ensure that the sale price is in line with the established rates in the area.

Frequently asked questions

What is the current guideline value for Sri Ram Nagar?

The current guideline value for Sri Ram Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Ram Nagar has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Sothupakkam?

The median guideline value in Sothupakkam is Rs 440 per sq.ft, which is the same as the current guideline value for Sri Ram Nagar.

What are the stamp duty and registration fees for property in Sri Ram Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty at 7% is Rs 30,800, and the registration fee at 2% is Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Sri Ram Nagar?

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