Guideline Value

Corporate

Guideline Value for Sumangali Nagar

₹1006/sq.ft.

The guideline value for Sumangali Nagar 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 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹30 /sq.ft.
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 Sumangali Nagar

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Sumangali Nagar guideline value

The current guideline value of Sumangali Nagar is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sumangali Nagar has changed

The guideline value for Sumangali Nagar has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 30 per sq.ft. This increased to Rs 200 per sq.ft in 2007, marking a rise of 567%. The value then rose to Rs 500 per sq.ft in 2012, which was a 150% increase from the previous revision. However, it dropped to Rs 335 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 500 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 has raised the guideline value to Rs 1,006 per sq.ft, representing a substantial increase of 101% from 2023.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 3,253%. Notably, the register has no figure for the year 2002 for this street.

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, with a median value of Rs 1,003 per sq.ft. The guideline value for Sumangali Nagar is above this median.

Stamp duty and registration fee for property in Sumangali Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total fees together to Rs 90,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sumangali Nagar?

The Sub Registrar Office that covers Sumangali 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 Vadaperumbakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to assess the applicable duties. It is essential for both parties involved in the transaction to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sumangali Nagar?

The current guideline value of Sumangali Nagar is Rs 1,006 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly, from Rs 30 per sq.ft to Rs 1,006 per sq.ft in 2024, representing an overall increase of 3,253%.

What is the land classification for Sumangali Nagar?

Sumangali Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Sumangali Nagar?

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

How is the stamp duty calculated for properties in Sumangali Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 90,540.