Guideline Value

Corporate

Guideline Value for Veerapandi Nagar

₹440/sq.ft.

The guideline value for Veerapandi Nagar in Attanthangal 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Attanthangal

Village

Redhills

SRO

Residential Class III 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 ₹14 /sq.ft.
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 Veerapandi Nagar

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Veerapandi Nagar guideline value

The current guideline value of Veerapandi Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Attanthangal village under the Redhills SRO, with a land classification of Residential Class III Type - I.

How the guideline value of Veerapandi Nagar has changed

The guideline value for Veerapandi Nagar has seen several revisions over the years. In 2003, the value was Rs 14 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2007, marking a change of +1329%. The value then rose to Rs 400 per sq.ft in 2012, reflecting a +100% increase. However, it decreased to Rs 268 per sq.ft in 2017, showing a decline of -33%. The guideline value then increased to Rs 400 per sq.ft in 2023, before reaching the current value of Rs 440 per sq.ft in 2024, which is a +10% change.

Overall, from 2003 to 2024, the guideline value has increased by +3043%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Veerapandi Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Veerapandi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that 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 Veerapandi Nagar?

The Sub Registrar Office that covers Veerapandi 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 Attanthangal

The guideline value is a crucial factor during the registration of property transactions in Attanthangal. It determines the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps ensure compliance with local regulations and accurate financial planning for the transaction costs involved. It is essential for both buyers and sellers to be aware of these values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Veerapandi Nagar?

The current guideline value of Veerapandi Nagar 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 14 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of +3043% over the years.

What is the registration office for Veerapandi Nagar?

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

What are the stamp duty and registration fees for properties in Veerapandi Nagar?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

What other streets in Attanthangal have guideline values?

Other streets in Attanthangal include Vijaya Garden, Throwbathiamman Nagar, Vivekanandar Nagar Annex, Thiruvallur Nedunchalai, TATA Nagar, and Sri Mahalakshmi Nagar, each with varying guideline values.