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Guideline Value

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Guideline Value for Allimedu Vilaiyattu Maidha Salai

₹385/sq.ft.

The guideline value for Allimedu Vilaiyattu Maidha Salai in Orakadu & Kiruthalapuram village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 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

Orakadu & Kiruthalapuram

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /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 Allimedu Vilaiyattu Maidha Salai

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Allimedu Vilaiyattu Maidha Salai guideline value

The current guideline value of Allimedu Vilaiyattu Maidha Salai is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in the villages of Orakadu & Kiruthalapuram under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Allimedu Vilaiyattu Maidha Salai has changed

The guideline value for Allimedu Vilaiyattu Maidha Salai has undergone several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it then decreased to Rs 234 per sq.ft in 2017. The 2023 revision brought it back up to Rs 350 per sq.ft, and the latest revision in 2024 has set it at Rs 385 per sq.ft.

In terms of percentage changes, the value increased by 17% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a significant increase of 50% from 2017 to 2023. The jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 28%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Orakadu & Kiruthalapuram

In the villages of Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, which is equal to the guideline value of Allimedu Vilaiyattu Maidha Salai.

Stamp duty and registration fee for property in Allimedu Vilaiyattu Maidha Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, making the total charges Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Allimedu Vilaiyattu Maidha Salai?

The Allimedu Vilaiyattu Maidha Salai falls under the jurisdiction of 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 Orakadu & Kiruthalapuram

The guideline value is a critical factor in property transactions in Orakadu & Kiruthalapuram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with the legal requirements during the registration process. This value helps in establishing a transparent framework for property transactions in the area.

Frequently asked questions

What is the current guideline value of Allimedu Vilaiyattu Maidha Salai?

The current guideline value of Allimedu Vilaiyattu Maidha Salai is Rs 385 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 385 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 234 per sq.ft in 2017.

What are the stamp duty and registration fees for property in Allimedu Vilaiyattu Maidha Salai?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total charges would amount to Rs 34,650.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Allimedu Vilaiyattu Maidha Salai, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification of Allimedu Vilaiyattu Maidha Salai?

Allimedu Vilaiyattu Maidha Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.