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Guideline Value

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Guideline Value for Sri Suyambulingam Nagar Annex IV

₹1006/sq.ft.

The guideline value for Sri Suyambulingam Nagar Annex Iv in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1006 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 101% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1006 /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 N/A
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 Suyambulingam Nagar Annex Iv

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Sri Suyambulingam Nagar Annex IV guideline value

The current guideline value of Sri Suyambulingam Nagar Annex IV is Rs 1,006 per sq.ft, effective from 1 July 2024. This locality is situated in Vadaperumbakkam village, under the jurisdiction of the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sri Suyambulingam Nagar Annex IV has changed

Over the years, the guideline value for Sri Suyambulingam Nagar Annex IV has seen significant changes. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The latest revision in 2024 has raised this figure to Rs 1,006 per sq.ft, marking an increase of 101% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 200%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions indicate a substantial rise in the guideline value, particularly between 2023 and 2024, and from 2017 to 2023, which saw increases of 49%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Sri Suyambulingam Nagar Annex IV's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Suyambulingam Nagar Annex IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value amounts to Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total to Rs 90,540. It is essential 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 Suyambulingam Nagar Annex IV?

The Sub Registrar Office that covers Sri Suyambulingam Nagar Annex IV 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 Vadaperumbakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Vadaperumbakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Suyambulingam Nagar Annex IV?

The current guideline value of Sri Suyambulingam Nagar Annex IV is Rs 1,006 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 335 per sq.ft in 2017 to Rs 1,006 per sq.ft in 2024, marking a total increase of 200% over this period.

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

Other streets in Vadaperumbakkam with similar guideline values include Sri Suyambulingam Nagar Annex-II and Sri Srinivasa Modern Town, both at Rs 1,006 per sq.ft for 2024.

What is the stamp duty rate for properties in Sri Suyambulingam Nagar Annex IV?

The stamp duty rate for properties in Sri Suyambulingam Nagar Annex IV is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

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