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Guideline Value

Corporate

Guideline Value for Sri Ranga Co-operative Society Nagar

₹770/sq.ft.

The guideline value for Sri Ranga Co-operative Society Nagar in Pullilyon village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 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

Pullilyon

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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 Ranga Co-operative Society Nagar

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Sri Ranga Co-operative Society Nagar guideline value

The current guideline value of Sri Ranga Co-operative Society Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Pullilyon village and falls under the Redhills SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Sri Ranga Co-operative Society Nagar has changed

The guideline value for Sri Ranga Co-operative Society Nagar has undergone several revisions since 2007. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a 75% increase. However, the value dropped by 33% to Rs 469 per sq.ft in 2017. Following this, the value saw a significant rise of 49%, reaching Rs 700 per sq.ft in 2023, and then increased by 10% to the current Rs 770 per sq.ft in the 2024 revision.

There are no figures available for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 93%.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Ranga Co-operative Society Nagar above this median.

Stamp duty and registration fee for property in Sri Ranga Co-operative Society Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total fees would be Rs 69,300. Please 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 information.

Which Sub Registrar Office covers Sri Ranga Co-operative Society Nagar?

The Sub Registrar Office that covers Sri Ranga Co-operative Society Nagar 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pullilyon. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue based on the property's assessed value.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and recorded in the official register.

Frequently asked questions

What is the current guideline value of Sri Ranga Co-operative Society Nagar?

The current guideline value of Sri Ranga Co-operative Society Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 400 per sq.ft in 2007, increasing to Rs 700 in 2012, dropping to Rs 469 in 2017, and then rising to Rs 700 in 2023 before reaching Rs 770 in 2024.

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

Other streets in Pullilyon include Sri Renga Co-Operative Nagar and Sri Renga Nagar, both at Rs 770 per sq.ft, Sri Ragavendra Nagar at Rs 550 per sq.ft, Sri Selva Vinayagar Nagar and Sri Thirumalai Nagar at Rs 440 per sq.ft, and Sri Selva Vinayar Nagar Annex at Rs 550 per sq.ft.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is assessed based on an official valuation, which is important for legal and tax purposes.

Where can I find the Sub Registrar Office for Sri Ranga Co-operative Society Nagar?

The Sub Registrar Office for Sri Ranga Co-operative Society Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.