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Guideline Value

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Guideline Value for TamilNadu Dyes and Chemicals Merchants Association Nagar

₹660/sq.ft.

The guideline value for Tamilnadu Dyes And Chemicals Merchants Association Nagar in Grandlyon village (Redhills SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 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

Grandlyon

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /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 ₹33 /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 Tamilnadu Dyes And Chemicals Merchants Association Nagar

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TamilNadu Dyes and Chemicals Merchants Association Nagar guideline value

The current guideline value for TamilNadu Dyes and Chemicals Merchants Association Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Grandlyon village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of TamilNadu Dyes and Chemicals Merchants Association Nagar has changed

The guideline value for this street has undergone several revisions over the years. In 2003, the value was Rs 33 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. Following that, the value doubled to Rs 600 per sq.ft in 2012, but then decreased to Rs 402 per sq.ft in 2017. The value rose again to Rs 600 per sq.ft in 2023, and finally reached Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1900%. The register has no figure for the year 2002 for this street.

Guideline values in Grandlyon

In Grandlyon, there are 82 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft. The median value is Rs 660 per sq.ft, which is the same as the guideline value for TamilNadu Dyes and Chemicals Merchants Association Nagar.

Stamp duty and registration fee for property in TamilNadu Dyes and Chemicals Merchants Association Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TamilNadu Dyes and Chemicals Merchants Association Nagar?

The TamilNadu Dyes and Chemicals Merchants Association Nagar falls under the Redhills Sub Registrar Office. The address is 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 Grandlyon

The guideline value is a crucial factor in the registration process for property transactions in Grandlyon. It determines the minimum value at which the property can be registered, affecting the stamp duty and registration fees payable by the buyer.

When a buyer purchases property, the guideline value is used to calculate the applicable stamp duty. This ensures that the government receives the necessary fees based on the established guideline values, which are periodically revised to reflect changes in the market.

Frequently asked questions

What is the current guideline value for TamilNadu Dyes and Chemicals Merchants Association Nagar?

The current guideline value for TamilNadu Dyes and Chemicals Merchants Association Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 33 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 1900% over this period.

What is the land classification for TamilNadu Dyes and Chemicals Merchants Association Nagar?

The land classification for TamilNadu Dyes and Chemicals Merchants Association Nagar is Residential Class II Type - I.

Where is the Redhills Sub Registrar Office located?

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

How is the stamp duty calculated for properties in TamilNadu Dyes and Chemicals Merchants Association Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 660 per sq.ft, the total stamp duty would be Rs 46,200.