Guideline Value

Corporate

Guideline Value for Tippu Sulthan Nagar

₹550/sq.ft.

The guideline value for Tippu Sulthan Nagar in Pammathukulam 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class II 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 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹38 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹367 /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 Tippu Sulthan Nagar

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Tippu Sulthan Nagar guideline value

The current guideline value of Tippu Sulthan Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pammathukulam village, under the Redhills SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Tippu Sulthan Nagar has changed

The guideline value for Tippu Sulthan Nagar has seen several revisions over the years. In 2002, the value was Rs 367 per sq.ft, which changed to Rs 38 per sq.ft in 2003. Following this, the value increased significantly to Rs 200 per sq.ft in 2007, and then to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017, before rising again to Rs 500 per sq.ft in 2023, and finally reaching Rs 550 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 10%. The value saw a notable increase of 150% from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017, and an impressive rise of 426% from 2003 to 2007. The overall change from 2002 to 2024 stands at 50%. The register has no figure for the years not mentioned.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO, with 2024 guideline values ranging from Rs 330 to Rs 825 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current value of Tippu Sulthan Nagar.

Stamp duty and registration fee for property in Tippu Sulthan Nagar

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 amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total 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 Tippu Sulthan Nagar?

The Sub Registrar Office that covers Tippu Sulthan Nagar 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 further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Pammathukulam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid. This ensures transparency and uniformity in property transactions across the region.

Frequently asked questions

What is the current guideline value of Tippu Sulthan Nagar?

The current guideline value of Tippu Sulthan Nagar 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 367 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, with various revisions in between.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, which affects the stamp duty and registration fees payable during transactions.

Where can I find the Redhills Sub Registrar Office?

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

How can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.