Guideline Value

Corporate

Guideline Value for Sri Sai Sakthi Nagar

₹440/sq.ft.

The guideline value for Sri Sai Sakthi Nagar in Pothur 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

Pothur

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 Sai Sakthi Nagar

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Sri Sai Sakthi Nagar guideline value

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

How the guideline value of Sri Sai Sakthi Nagar has changed

The guideline value for Sri Sai Sakthi Nagar has seen several revisions over the years. The 2012 revision recorded a value of Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value significantly increased by 49% to reach Rs 400 per sq.ft. The latest 2024 revision has set the value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Pothur

Pothur village has 98 streets under the Redhills SRO with guideline values ranging from Rs 330 to Rs 2,000 per sq.ft, with a median of Rs 550 per sq.ft. The guideline value for Sri Sai Sakthi Nagar is below this median.

Stamp duty and registration fee for property in Sri Sai Sakthi 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 to Rs 39,600. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Sakthi Nagar?

The Sub Registrar Office that covers Sri Sai Sakthi 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 more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pothur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

When buying or selling property, the guideline value helps in establishing a fair price for transactions. It is important for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Sri Sai Sakthi Nagar?

The current guideline value for Sri Sai Sakthi Nagar 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 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value for streets in Pothur?

The median guideline value for streets in Pothur is Rs 550 per sq.ft, with Sri Sai Sakthi Nagar's value being below this median.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600 based on the guideline value.

Which Sub Registrar Office covers the area of Sri Sai Sakthi Nagar?

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