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Guideline Value

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Guideline Value for Sri Selva Vinayar Nagar Annex

₹550/sq.ft.

The guideline value for Sri Selva Vinayar Nagar Annex in Pullilyon village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Pullilyon

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /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 ₹35 /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 Selva Vinayar Nagar Annex

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Sri Selva Vinayar Nagar Annex guideline value

The current guideline value of Sri Selva Vinayar Nagar Annex, located in Pullilyon village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Selva Vinayar Nagar Annex has changed

The guideline value for Sri Selva Vinayar Nagar Annex has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 35 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2007, marking a rise of 471%. The 2012 revision saw a slight increase to Rs 400 per sq.ft, but then in 2017, it dropped to Rs 335 per sq.ft, reflecting a decrease of 16%. The value then saw a substantial increase to Rs 500 per sq.ft in 2023, which was a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 550 per sq.ft, a 10% increase from the previous year.

The register has no figure for this street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1471%.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Sri Selva Vinayar Nagar Annex is below this median.

Stamp duty and registration fee for property in Sri Selva Vinayar Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Selva Vinayar Nagar Annex?

The Sub Registrar Office that covers Sri Selva Vinayar Nagar Annex 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 Pullilyon

The guideline value is an essential factor when registering property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value is used to calculate the total fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sri Selva Vinayar Nagar Annex?

The current guideline value of Sri Selva Vinayar Nagar Annex is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 1471% over the years.

What is the land classification of Sri Selva Vinayar Nagar Annex?

Sri Selva Vinayar Nagar Annex is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Sri Selva Vinayar Nagar Annex?

The Redhills Sub Registrar Office handles registrations for Sri Selva Vinayar Nagar Annex, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.