Guideline Value

Corporate

Guideline Value for Sri Selvaganapathy Nagar

₹440/sq.ft.

The guideline value for Sri Selvaganapathy Nagar in Vilangadupakkam 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III 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 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 Selvaganapathy Nagar

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Sri Selvaganapathy Nagar guideline value

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

How the guideline value of Sri Selvaganapathy Nagar has changed

The guideline value for Sri Selvaganapathy Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, but then saw a decrease to Rs 268 per sq.ft in 2017. Following this, the value rose significantly to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall change from the 2007 revision to the 2024 revision shows an increase of 120%. The fluctuations in these values reflect the revisions made by the authorities to align with the current market conditions.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with the median being Rs 440 per sq.ft. The guideline value of Sri Selvaganapathy Nagar matches this median.

Stamp duty and registration fee for property in Sri Selvaganapathy 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. 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 Selvaganapathy Nagar?

Sri Selvaganapathy Nagar 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 further assistance.

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

The guideline value plays a crucial role during property transactions in Vilangadupakkam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. This value is established by the government and is updated periodically to reflect changes in market conditions.

When a property is sold, the guideline value is referenced to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, which ensures compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Sri Selvaganapathy Nagar?

The current guideline value of Sri Selvaganapathy 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 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the stamp duty rates for property in Sri Selvaganapathy Nagar?

The stamp duty for property transactions in Sri Selvaganapathy Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Sri Selvaganapathy Nagar?

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

What is the median guideline value in Vilangadupakkam?

The median guideline value in Vilangadupakkam is Rs 440 per sq.ft, which is the same as the current guideline value for Sri Selvaganapathy Nagar.