Guideline Value

Corporate

Guideline Value for Sri Sai Ram Nagar

₹1650/sq.ft.

The guideline value for Sri Sai Ram Nagar in Sholavaram village (Redhills SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholavaram

Village

Redhills

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Sai Ram Nagar

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Sri Sai Ram Nagar guideline value

The current guideline value of Sri Sai Ram Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Sholavaram village, under the Redhills Sub Registrar Office (SRO), and is classified as Commercial Class I Type - I.

How the guideline value of Sri Sai Ram Nagar has changed

The guideline value for Sri Sai Ram Nagar has seen several revisions over the years. In 2017, the value was Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 raised the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholavaram

Sholavaram village has a total of 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value of Sri Sai Ram Nagar is above this median.

Stamp duty and registration fee for property in Sri Sai Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total cost of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Ram Nagar?

The Sri Sai Ram Nagar 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 information.

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

The guideline value is a critical factor during the registration of property transactions in Sholavaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for all property sales.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. This value is used by the registration department to assess the applicable fees and duties.

Frequently asked questions

What is the current guideline value of Sri Sai Ram Nagar?

The current guideline value of Sri Sai Ram Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, which is an overall increase of 64%.

What is the stamp duty for properties in Sri Sai Ram Nagar?

The stamp duty for properties in Sri Sai Ram Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

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

Are there other streets with different guideline values in Sholavaram?

Yes, there are several other streets in Sholavaram with different guideline values. For example, Sri Sai Baba nagar and Sri Shanmuga Nagar both have a guideline value of Rs 550 per sq.ft in 2024.