Guideline Value for Kesava Reddy Street

Kesava Reddy Street guideline value

The current guideline value of Kesava Reddy Street in Nallur_2 village is Rs 700 per sq.ft, as per the 2023 revision. This street falls under the Redhills Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Kesava Reddy Street has changed

In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure was revised to Rs 700 per sq.ft in 2023, reflecting 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.

Thus, the only revisions that show a guideline value for Kesava Reddy Street are from 2017 and 2023, with the latter marking a significant increase. The absence of figures in other years indicates that the guideline value remained unlisted during those revisions.

Guideline values in Nallur_2

Currently, there are no specific guideline values available for other streets in Nallur_2 under the Redhills SRO. The only guideline value provided is for Kesava Reddy Street.

Stamp duty and registration fee for property in Kesava Reddy Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000. Together, the total cost for stamp duty and registration would be Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kesava Reddy Street?

The Sub Registrar Office that covers Kesava Reddy Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Kesava Reddy Street?

The current guideline value of Kesava Reddy Street is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

What is the registration office for Kesava Reddy Street?

The registration office for Kesava Reddy Street 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 property on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 63,000, which includes Rs 49,000 for stamp duty and Rs 14,000 for registration.

Are there other streets in Nallur_2 with guideline values?

Currently, there are no specific guideline values available for other streets in Nallur_2 under the Redhills SRO; only Kesava Reddy Street has a listed guideline value.