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Guideline Value

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Guideline Value for Thirumullai Lake View Garden

₹440/sq.ft.

The guideline value for Thirumullai Lake View Garden in Pothur village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Pothur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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 Thirumullai Lake View Garden

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Thirumullai Lake View Garden guideline value

The current guideline value of Thirumullai Lake View Garden in Pothur village, under the Redhills SRO, is Rs 440 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 Thirumullai Lake View Garden has changed

The guideline value for Thirumullai Lake View Garden has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 268 per sq.ft in 2017, a reduction of 33%. The value increased significantly to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Pothur

In Pothur, there are 98 streets under the Redhills SRO with a 2024 guideline value range from Rs 330 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Thirumullai Lake View Garden's 2024 figure below that median.

Stamp duty and registration fee for property in Thirumullai Lake View Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumullai Lake View Garden?

The Thirumullai Lake View Garden area 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 Pothur

The guideline value is a crucial factor when registering property transactions in Pothur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial aspects of the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Thirumullai Lake View Garden?

The current guideline value of Thirumullai Lake View Garden is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the registration office for Thirumullai Lake View Garden?

The registration office for Thirumullai Lake View Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Thirumullai Lake View Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 30,800.

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

Other streets in Pothur include Thiru Nagar, Thiru Nagar-1, Thiru Nagar II, Thai Nagar, Thaiman Nagar, and Super Dhoni Nagr, with guideline values ranging from Rs 550 to Rs 1,480 per sq.ft in 2024.