Guideline Value

Corporate

Guideline Value for Srinivasa Nagar

₹550/sq.ft.

The guideline value for Srinivasa Nagar in Pammathukulam 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

Pammathukulam

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 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹189 /sq.ft.
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 Srinivasa Nagar

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Srinivasa Nagar guideline value

The current guideline value of Srinivasa Nagar, located in Pammathukulam village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Srinivasa Nagar has changed

Since the year 2002, the guideline value for Srinivasa Nagar has seen several revisions. In 2002, the value was Rs 189 per sq.ft. This increased to Rs 20 per sq.ft in 2003, followed by a significant rise to Rs 200 per sq.ft in 2007. The value then saw a substantial increase to Rs 500 per sq.ft in 2012, but dropped to Rs 335 per sq.ft in 2017. The most recent revisions show the value at Rs 500 per sq.ft in 2023 and further increased to Rs 550 per sq.ft in 2024.

Looking at the changes, from 2002 to 2003, there was a decrease of 89%. However, from 2003 to 2007, the value surged by 900%. The period from 2007 to 2012 saw an increase of 150%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024.

Guideline values in Pammathukulam

Pammathukulam village has 101 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 330 to Rs 825 per sq.ft. The median value is Rs 550 per sq.ft, placing Srinivasa Nagar's 2024 figure at this median.

Stamp duty and registration fee for property in Srinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. Please 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 more details.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa 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 Pammathukulam

The guideline value is a crucial factor when registering property transactions in Pammathukulam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is set by the government and is subject to periodic revisions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa Nagar 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 significantly from Rs 189 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, with various increases and decreases over the years.

What is the registration office for Srinivasa Nagar?

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

How is stamp duty calculated for property in Srinivasa Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.

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

Other streets in Pammathukulam with similar guideline values include Srinivasa Nagar Extension - II, Sri Pachayamman Nagar, and Sri Rajeswari Nagar, all at Rs 550 per sq.ft in 2024.