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Guideline Value

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Guideline Value for Sri Sai Sakthi Avenue

₹220/sq.ft.

The guideline value for Sri Sai Sakthi Avenue in Arumanthi village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 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

Arumanthi

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹21 /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 Sai Sakthi Avenue

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Sri Sai Sakthi Avenue guideline value

The current guideline value of Sri Sai Sakthi Avenue is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Arumanthi village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Sai Sakthi Avenue has changed

The guideline value for Sri Sai Sakthi Avenue has seen significant changes over the years. In 2003, the guideline value was Rs 21 per sq.ft, which increased to Rs 100 per sq.ft in 2007. Following that, the value doubled to Rs 200 per sq.ft in 2012, before dropping to Rs 134 per sq.ft in 2017. It then rose sharply to Rs 200 per sq.ft in 2023, and currently stands at Rs 220 per sq.ft as of the 2024 revision. Notably, the register has no figure for this street for the year 2002.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%, while the value jumped by 100% from 2007 to 2012. The increase from 2003 to 2007 was a remarkable 376%. Overall, from 2003 to 2024, the guideline value has increased by 948%.

Guideline values in Arumanthi

In Arumanthi, there are 16 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 165 to Rs 1,100 per sq.ft, with a median value of Rs 275 per sq.ft. The guideline value of Sri Sai Sakthi Avenue is below this median.

Stamp duty and registration fee for property in Sri Sai Sakthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total cost for these fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Sakthi Avenue?

Sri Sai Sakthi Avenue 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 Arumanthi

The guideline value is a crucial factor in the registration process when buying or selling property in Arumanthi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Sri Sai Sakthi Avenue?

The current guideline value of Sri Sai Sakthi Avenue is Rs 220 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 21 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 948% over this period.

What is the land classification of Sri Sai Sakthi Avenue?

Sri Sai Sakthi Avenue is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Sri Sai Sakthi Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,20,000, with stamp duty of Rs 15,400 and registration fee of Rs 4,400, totaling Rs 19,800.

Which Sub Registrar Office covers Sri Sai Sakthi Avenue?

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