Guideline Value

Corporate

Guideline Value for Thiruppathi Nagar Extn.

₹550/sq.ft.

The guideline value for Thiruppathi Nagar Extn. in Payasampakkam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Payasampakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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 Thiruppathi Nagar Extn.

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Thiruppathi Nagar Extn. guideline value

The current guideline value for Thiruppathi Nagar Extn. is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Payasampakkam village and falls under the Redhills SRO. The land classification is Residential Class I Type - I.

How the guideline value of Thiruppathi Nagar Extn. has changed

The guideline value for Thiruppathi Nagar Extn. has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 300 per sq.ft. This increased to Rs 500 per sq.ft in 2012, reflecting a 67% rise. However, the value dropped to Rs 335 per sq.ft in 2017, marking a decline of 33%. The guideline value then surged to Rs 500 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the value at Rs 550 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 83%.

Guideline values in Payasampakkam

In Payasampakkam, there are 20 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 660 per sq.ft. The median value is Rs 550 per sq.ft, which is the same as the 2024 figure for Thiruppathi Nagar Extn.

Stamp duty and registration fee for property in Thiruppathi Nagar Extn.

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 details.

Which Sub Registrar Office covers Thiruppathi Nagar Extn.?

The Sub Registrar Office that covers Thiruppathi Nagar Extn. 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 Payasampakkam

The guideline value plays a crucial role in the registration process of property transactions in Payasampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that both the buyer and seller comply with the legal requirements. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruppathi Nagar Extn.?

The current guideline value of Thiruppathi Nagar Extn. is Rs 550 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 550 per sq.ft in 2024, representing an overall increase of 83% over the years.

What are the other streets in Payasampakkam and their guideline values?

Other streets in Payasampakkam include Thirupathi Nagar at Rs 550 per sq.ft, Thirumugan Nagar at Rs 440 per sq.ft, and TamilNadu Dyes & Chemicals Merchants Association at Rs 660 per sq.ft, among others.

How is stamp duty calculated for properties in Thiruppathi Nagar Extn.?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500.

Where can I find the Sub Registrar Office for Thiruppathi Nagar Extn.?

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