Guideline Value for Kirudhalapuram Pradhana Salai

Kirudhalapuram Pradhana Salai guideline value

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

How the guideline value of Kirudhalapuram Pradhana Salai has changed

The guideline value for Kirudhalapuram Pradhana Salai has seen several revisions over the years. In 2007, the value was 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 set the value at Rs 350 per sq.ft, before the latest increase to Rs 385 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 28%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO with a guideline value range from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, which is the same as the current guideline value for Kirudhalapuram Pradhana Salai.

• Kulakkarai Street: Rs 275 per sq.ft (2024)
• Kambar Street: Rs 385 per sq.ft (2024)
• Kalaignar Street: Rs 385 per sq.ft (2024)
• Kakkanji Street: Rs 275 per sq.ft (2024)
• Mecca Nagar: Rs 385 per sq.ft (2024)
• Infinity Industrial And Logistics Park: Rs 351 per sq.ft (2024)

Stamp duty and registration fee for property in Kirudhalapuram Pradhana Salai

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to 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, bringing the total to Rs 34,650. 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 Kirudhalapuram Pradhana Salai?

The Kirudhalapuram Pradhana Salai falls under the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 plays a crucial role during the registration of property transactions in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kirudhalapuram Pradhana Salai?

The current guideline value of Kirudhalapuram Pradhana 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, reflecting an overall increase of 28% over the years.

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

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for calculations.

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.

What are the other streets with guideline values in Orakadu & Kiruthalapuram?

Other streets in Orakadu & Kiruthalapuram include Kulakkarai Street at Rs 275 per sq.ft, Kambar Street at Rs 385 per sq.ft, and several others, with values ranging from Rs 275 to Rs 900 per sq.ft.