Guideline Value

Corporate

Guideline Value for Thanthai Periyar Street

₹1100/sq.ft.

The guideline value for Thanthai Periyar Street in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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 Thanthai Periyar Street

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Thanthai Periyar Street guideline value

The current guideline value of Thanthai Periyar Street is Rs 1,100 per sq.ft. This street is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thanthai Periyar Street has changed

The guideline value for Thanthai Periyar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 167% rise. However, it then dropped to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. The value saw a substantial increase to Rs 1,000 per sq.ft in 2023, which is an 87% rise from the previous revision. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,100 per sq.ft, representing a 10% increase from 2023.

It is important to note that there are no recorded figures for the years 2002 and 2003 for Thanthai Periyar Street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Thanthai Periyar Street's current value slightly below this median.

Stamp duty and registration fee for property in Thanthai Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would total Rs 22,000. Together, these fees amount to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanthai Periyar Street?

The Sub Registrar Office that covers Thanthai Periyar Street 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 details.

How the guideline value is used when you buy or sell in Puzhal

The guideline value plays a crucial role in property transactions in Puzhal, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Street?

The current guideline value of Thanthai Periyar Street is Rs 1,100 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 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the other streets in Puzhal with their guideline values?

Other streets in Puzhal include Thamizhan Nagar at Rs 1,102 per sq.ft, Thalamuthu Natarajan Street at Rs 1,650 per sq.ft, and Thirumalai Nagar at Rs 1,100 per sq.ft, among others.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value, with stamp duty at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thanthai Periyar Street?

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