Guideline Value

Corporate

Guideline Value for T.G. Swamy Nagar

₹1004/sq.ft.

The guideline value for T.g. Swamy Nagar 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 T.g. Swamy Nagar

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T.G. Swamy Nagar guideline value

The current guideline value of T.G. Swamy Nagar 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 T.G. Swamy Nagar has changed

The guideline value for T.G. Swamy Nagar has seen significant changes over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The value rose again to Rs 600 per sq.ft in 2023, and the most recent revision in 2024 has increased it to Rs 1,004 per sq.ft.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it saw a substantial rise of 67%. Overall, from 2007 to 2024, the guideline value has increased by 235%.

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 guideline value is Rs 1,003 per sq.ft, placing T.G. Swamy Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in T.G. Swamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value would be Rs 10,04,000. The stamp duty at 7% would amount to Rs 70,280, and the registration fee at 2% would be Rs 20,080, bringing the total to Rs 90,360. Duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers T.G. Swamy Nagar?

T.G. Swamy Nagar is covered by 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 property transactions in Vadaperumbakkam. It serves as a benchmark for calculating stamp duty and registration fees at the time of registration, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of T.G. Swamy Nagar?

The current guideline value of T.G. Swamy Nagar 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, reflecting a total increase of 235% over the years.

What is the registration office for T.G. Swamy Nagar?

The registration office for T.G. Swamy 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 properties in T.G. Swamy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total guideline value of Rs 10,04,000, leading to a stamp duty of Rs 70,280.

What are the other streets in Vadaperumbakkam?

Other streets in Vadaperumbakkam include Thanikachalam Nagar, Suyambulingam Nagar Annex - 3, Suyambulingam Nagar Annex - 1, Suyambulingam Nagar Anex, Sumangali Nagar, and Sri Vetri Nagar Extn., with various guideline values ranging from Rs 1,000 to Rs 1,006 per sq.ft in 2024.