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Guideline Value

Corporate

Guideline Value for Thiyagi Sankaralinganar Nadar Street

₹1100/sq.ft.

The guideline value for Thiyagi Sankaralinganar Nadar 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 ₹101 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹993 /sq.ft.
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 Thiyagi Sankaralinganar Nadar Street

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Thiyagi Sankaralinganar Nadar Street guideline value

The current guideline value of Thiyagi Sankaralinganar Nadar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. 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 Thiyagi Sankaralinganar Nadar Street has changed

In the 2002 revision, the guideline value was recorded at Rs 993 per sq.ft. This value saw a significant decrease in 2003, dropping to Rs 101 per sq.ft, which represented a decrease of 90%. The value then increased substantially in 2007 to Rs 300 per sq.ft, marking a rise of 197%. In the 2012 revision, the guideline value increased to Rs 800 per sq.ft, an increase of 167%. However, this was followed by a decrease in 2017, where the value fell to Rs 536 per sq.ft, which was a decline of 33%.

From 2017 to 2023, the guideline value rose to Rs 1,000 per sq.ft, reflecting an increase of 87%. The most recent revision in 2024 saw the guideline value rise again to Rs 1,100 per sq.ft, which is a 10% increase from the previous year. There are no other revisions with figures recorded for this street.

Guideline values in Puzhal

Puzhal village has a total of 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, making Thiyagi Sankaralinganar Nadar Street's 2024 figure slightly below that median.

Stamp duty and registration fee for property in Thiyagi Sankaralinganar Nadar Street

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiyagi Sankaralinganar Nadar Street?

The Sub Registrar Office that covers Thiyagi Sankaralinganar Nadar 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Thiyagi Sankaralinganar Nadar Street?

The current guideline value of Thiyagi Sankaralinganar Nadar 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 seen various changes, starting from Rs 993 per sq.ft in 2002, to Rs 1,100 per sq.ft in 2024. Notable changes include an increase of 87% from 2017 to 2023 and a 10% increase from 2023 to 2024.

What is the land classification of Thiyagi Sankaralinganar Nadar Street?

Thiyagi Sankaralinganar Nadar Street is classified as Residential Class II Type - I.

Where can I find the registration office for this street?

The registration office for Thiyagi Sankaralinganar Nadar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Puzhal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.