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Guideline Value

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Guideline Value for Sri Ramakirshna Garden

₹440/sq.ft.

The guideline value for Sri Ramakirshna Garden in Grandlyon 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Grandlyon

Village

Redhills

SRO

Residential Class III 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 ₹200 /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 Ramakirshna Garden

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Sri Ramakirshna Garden guideline value

The current guideline value of Sri Ramakirshna Garden is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Grandlyon village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Ramakirshna Garden has changed

The guideline value for Sri Ramakirshna Garden has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, but then dropped to Rs 268 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 400 per sq.ft, followed by another rise to the current value of Rs 440 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 120%. There are no figures available for the years 2002 and 2003 for this street.

Guideline values in Grandlyon

In Grandlyon, there are 82 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing the 2024 value of Sri Ramakirshna Garden below this median.

Stamp duty and registration fee for property in Sri Ramakirshna Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. 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 calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ramakirshna Garden?

The Sri Ramakirshna Garden area falls under the jurisdiction of 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 Grandlyon

The guideline value is a crucial factor in property transactions in Grandlyon, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct fees are applied.

When engaging in property transactions, it is important to consider the guideline value as it reflects the official rate set by the Registration Department. This value helps in ensuring transparency and consistency in property dealings, making it easier for both parties to understand their financial obligations.

Frequently asked questions

What is the current guideline value of Sri Ramakirshna Garden?

The current guideline value of Sri Ramakirshna Garden is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% over this period.

What are the stamp duty and registration fees for property in Sri Ramakirshna Garden?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers the area of Sri Ramakirshna Garden?

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

What is the land classification of Sri Ramakirshna Garden?

Sri Ramakirshna Garden is classified as Residential Class III Type - I, indicating its suitability for residential development.