Guideline Value

Corporate

Guideline Value for Sri Sankara Nagar

₹440/sq.ft.

The guideline value for Sri Sankara 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 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹23 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹225 /sq.ft.
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 Sankara Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Sankara Nagar guideline value

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

How the guideline value of Sri Sankara Nagar has changed

The guideline value for Sri Sankara Nagar has seen several revisions over the years. Starting from Rs 225 per sq.ft in 2002, the value increased to Rs 23 per sq.ft in 2003, marking a significant drop. The value then rose dramatically to Rs 200 per sq.ft in 2007, followed by a doubling to Rs 400 per sq.ft in 2012. However, it fell to Rs 268 per sq.ft in 2017, before increasing to Rs 400 per sq.ft in 2023 and finally reaching Rs 440 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2003, there was a decrease of 90%. The value then increased by 770% from 2003 to 2007. The subsequent increase from 2007 to 2012 was 100%, while the value saw a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 96%.

Guideline values in Pothur

In Pothur, there are 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Sri Sankara Nagar is below this median.

Stamp duty and registration fee for property in Sri Sankara Nagar

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 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sankara Nagar?

The Sub Registrar Office that covers Sri Sankara 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 details.

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

The guideline value is a crucial factor when registering property transactions in Pothur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of real estate in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on current market conditions.

Frequently asked questions

What is the current guideline value of Sri Sankara Nagar?

The current guideline value of Sri Sankara 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 225 per sq.ft in 2002 to Rs 440 per sq.ft in 2024, with various increases and decreases over the years.

What are the other streets in Pothur with similar guideline values?

Other streets in Pothur, such as Sri Sai Sakthi Nagar Annex, Sri Sai Sakthi Nagar, St. Thomas Nagar, and Sri Krishna Nagar, also have a guideline value of Rs 440 per sq.ft in 2024.

How is the stamp duty calculated for properties in Sri Sankara Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the stamp duty would be Rs 30,800.

Where can I find the Sub Registrar Office for Sri Sankara Nagar?

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