Guideline Value

Corporate

Guideline Value for Sri Vetri Nagar Extn.

₹1004/sq.ft.

The guideline value for Sri Vetri Nagar Extn. in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1004 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 67% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1004 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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 Vetri Nagar Extn.

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Sri Vetri Nagar Extn. guideline value

The current guideline value of Sri Vetri Nagar Extn. is Rs 1,004 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village, under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Vetri Nagar Extn. has changed

The guideline value for Sri Vetri Nagar Extn. has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017. The value then rose significantly to Rs 600 per sq.ft in 2023, and the latest revision in 2024 shows a substantial increase to Rs 1,004 per sq.ft, marking a 67% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 235%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value is Rs 1,003 per sq.ft, placing Sri Vetri Nagar Extn. slightly above this median.

Stamp duty and registration fee for property in Sri Vetri Nagar Extn.

For a 1,000 sq.ft plot at the current rate of Rs 1,004 per sq.ft, the guideline value amounts to Rs 10,04,000. The stamp duty at 7% would be Rs 70,280, and the registration fee at 2% would be Rs 20,080, totaling Rs 90,360. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vetri Nagar Extn.?

The Sub Registrar Office covering Sri Vetri Nagar Extn. 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 property transactions in Vadaperumbakkam. It serves as a benchmark for determining the minimum value of properties during registration, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures transparency and helps in maintaining uniformity in property transactions across the region.

Frequently asked questions

What is the current guideline value of Sri Vetri Nagar Extn.?

The current guideline value of Sri Vetri Nagar Extn. is Rs 1,004 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,004 per sq.ft in 2024, showing an overall increase of 235% over the years.

What are the other streets in Vadaperumbakkam?

Other streets in Vadaperumbakkam include Sri Suyambulingam Nagar Annex IV, Sri Suyambulingam Nagar Annex-II, Sri Srinivasa Modern Town, Sri Sabhari Nagar, and Sumangali Nagar, with values ranging from Rs 1,004 to Rs 1,006 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Sri Vetri Nagar Extn.?

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

How is the stamp duty calculated for properties in Sri Vetri Nagar Extn.?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,04,000, the stamp duty would be Rs 70,280 at 7%.