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Guideline Value

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Guideline Value for Sri Thirumalai Nagar

₹440/sq.ft.

The guideline value for Sri Thirumalai Nagar in Pullilyon 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

Pullilyon

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 Thirumalai Nagar

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Sri Thirumalai Nagar guideline value

The current guideline value of Sri Thirumalai Nagar, located in Pullilyon village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Sri Thirumalai Nagar has changed

Over the years, the guideline value of Sri Thirumalai Nagar has seen several revisions. The 2007 revision recorded a value of Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 268 per sq.ft in 2017, a drop of 33%. Following this, the 2023 revision set the value at Rs 400 per sq.ft, which then increased to Rs 440 per sq.ft in 2024, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 120%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry 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. Sri Thirumalai Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Sri Thirumalai 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, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Thirumalai Nagar?

The Sub Registrar Office that covers Sri Thirumalai 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 Pullilyon

The guideline value plays a crucial role when buying or selling property in Pullilyon. It is used to determine the stamp duty and registration fees that are required during the transaction process. Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Thirumalai Nagar?

The current guideline value of Sri Thirumalai 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 and registration fees for property in Sri Thirumalai Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000, resulting in a stamp duty of Rs 30,800 and a registration fee of Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Sri Thirumalai Nagar?

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

What is the land classification for Sri Thirumalai Nagar?

Sri Thirumalai Nagar falls under the Residential Class III Type - I land classification, indicating its designated use for residential purposes.