Guideline Value

Corporate

Guideline Value for T.K.S. Nagar

₹1102/sq.ft.

The guideline value for T.k.s. Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹76 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹745 /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]

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T.K.S. Nagar guideline value

The current guideline value of T.K.S. Nagar in Puzhal village is Rs 1,102 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of T.K.S. Nagar has changed

The guideline value for T.K.S. Nagar has seen several revisions over the years. In 2002, the value was Rs 745 per sq.ft, which changed to Rs 76 per sq.ft in 2003. The value then increased to Rs 200 per sq.ft in 2007, followed by a significant rise to Rs 700 per sq.ft in 2012. By 2017, the value had further increased to Rs 469 per sq.ft, and in 2023, it reached Rs 1,000 per sq.ft. The most recent revision in 2024 set the value at Rs 1,102 per sq.ft.

Examining the changes between these revisions, from 2002 to 2024, the overall increase is 48%. Notably, the jump from 2023 to 2024 was 10%, while the increase from 2017 to 2023 was 113%. The value saw a decrease of 33% from 2012 to 2017 and a remarkable increase of 250% from 2007 to 2012. The rise from 2003 to 2007 was 163%, while there was a significant drop of 90% from 2002 to 2003. There are no figures available for other years regarding this street.

Guideline values in Puzhal

Puzhal village consists of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 1,102 per sq.ft, which aligns with the current value for T.K.S. Nagar.

Stamp duty and registration fee for property in T.K.S. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, while the registration fee at 2% would be Rs 22,040, bringing the total fees to Rs 99,180. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers T.K.S. Nagar?

The Sub Registrar Office that covers T.K.S. 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 Puzhal

The guideline value is a crucial factor in the registration process when buying or selling property in Puzhal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of T.K.S. Nagar?

The current guideline value of T.K.S. Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 745 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, representing an overall increase of 48% over the years.

What is the stamp duty rate for property in T.K.S. Nagar?

The stamp duty rate for property in T.K.S. Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for T.K.S. Nagar located?

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

What is the land classification for T.K.S. Nagar?

T.K.S. Nagar is classified as Residential Class III Type - I according to the local land classification guidelines.