Guideline Value for Tasan Farms

Tasan Farms guideline value

The current guideline value of Tasan Farms, located in Pazhaya Erumai Vettipalayam village under the Redhills SRO, is Rs 110 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Tasan Farms has changed

The guideline value for Tasan Farms has seen several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft, which then decreased to Rs 11 per sq.ft in 2003. Following this, there was a significant increase of 355% to Rs 50 per sq.ft in 2007. The value further increased to Rs 100 per sq.ft in 2012, but then decreased by 33% to Rs 67 per sq.ft in 2017. The value rose again to Rs 100 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 110 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 5%. There are no figures available for the years between these revisions for Tasan Farms.

Guideline values in Pazhaya Erumai Vettipalayam

Pazhaya Erumai Vettipalayam has 14 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 220 per sq.ft, with a median value of Rs 220 per sq.ft. The guideline value for Tasan Farms is below this median.

• Sri Krishna Nagar: Rs 220 per sq.ft (2024)
• Senthamil Nagar: Rs 220 per sq.ft (2024)
• Pillaiyar Koil Street (Pudhu Edapalayam): Rs 220 per sq.ft (2024)
• Pillaiyar Koil Street (Old Edapalayam): Rs 220 per sq.ft (2024)
• Perumal Koil Street (Pudhu Edapalayam): Rs 220 per sq.ft (2024)
• Perumal Koil Street (Old Edapalayam): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Tasan Farms

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total fees to Rs 9,900. 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 detailed calculations.

Which Sub Registrar Office covers Tasan Farms?

The Sub Registrar Office that covers Tasan Farms 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 Pazhaya Erumai Vettipalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Pazhaya Erumai Vettipalayam. It serves as a benchmark 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. 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 Tasan Farms?

The current guideline value of Tasan Farms is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 110 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Tasan Farms?

Tasan Farms is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for Tasan Farms?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,10,000, leading to a stamp duty of Rs 7,700 and a registration fee of Rs 2,200, totaling Rs 9,900.

Where is the Sub Registrar Office for Tasan Farms located?

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