Guideline Value

Corporate

Guideline Value for Varalakshmi Nagar

₹400/sq.ft. (2023)

The guideline value for Varalakshmi Nagar in Nallur_2 village (Redhills SRO, Chennai zone) was last notified at Rs 400 per sq.ft (1 April 2023 revision); no 2024 rate has been published for this street. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nallur_2

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 N/A
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 N/A
From 1-8-2007 To 31-3-2012 N/A
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 Varalakshmi Nagar

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Varalakshmi Nagar guideline value

The current guideline value of Varalakshmi Nagar is Rs 400 per sq.ft. It is located in Nallur_2 village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Varalakshmi Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure was revised to Rs 400 per sq.ft in 2023, marking an increase of 49% over the six-year period.

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

Guideline values in Nallur_2

No village figures are provided for Nallur_2. Varalakshmi Nagar is the only street mentioned in the context of guideline values in this area.

Stamp duty and registration fee for property in Varalakshmi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,00,000. The stamp duty at 7% amounts to Rs 28,000, and the registration fee at 2% amounts to Rs 8,000, bringing the total to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Varalakshmi Nagar?

The Sub Registrar Office that covers Varalakshmi 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 more information.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is used as a reference point during property transactions in Nallur_2. It helps determine the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value or the sale price is considered, whichever is higher. This ensures that the fees collected are based on a fair valuation of the property.

Frequently asked questions

What is the current guideline value of Varalakshmi Nagar?

The current guideline value of Varalakshmi Nagar is Rs 400 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, which is a change of 49%.

What is the stamp duty rate for properties in Varalakshmi Nagar?

The stamp duty rate for properties in Varalakshmi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

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

Are there any other streets in Nallur_2 with guideline values?

No other streets in Nallur_2 have been mentioned with guideline values. Varalakshmi Nagar is the only street referenced in this context.