Guideline Value

Corporate

Guideline Value for Kumaravel Street

₹770/sq.ft.

The guideline value for Kumaravel Street in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 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

Padiyanallur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹117 /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 Kumaravel Street

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Kumaravel Street guideline value

The current guideline value of Kumaravel Street in Padiyanallur village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Kumaravel Street has changed

The guideline value of Kumaravel Street has undergone several revisions since 2003. In 2003, the value was Rs 117 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. The value then rose to Rs 700 per sq.ft in 2012, but saw a decrease to Rs 469 per sq.ft in 2017. Following this, the guideline value experienced a substantial increase to Rs 700 per sq.ft in 2023, and finally reached Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 558%. It is important to note that the register has no figure for Kumaravel Street for the year 2002.

Guideline values in Padiyanallur

Padiyanallur village has a total of 132 streets under the Redhills SRO, with guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the current value of Kumaravel Street.

Stamp duty and registration fee for property in Kumaravel Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is important to note that the 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 Kumaravel Street?

The Sub Registrar Office that covers Kumaravel Street 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 Padiyanallur

The guideline value plays a crucial role in the registration process when buying or selling property in Padiyanallur. 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 sold, the guideline value is used to assess the applicable charges, ensuring that the transaction is recorded accurately with the authorities. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for calculating the fees.

Frequently asked questions

What is the current guideline value of Kumaravel Street?

The current guideline value of Kumaravel Street is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 117 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, marking an overall increase of 558% over this period.

What is the registration office for Kumaravel Street?

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

How is the stamp duty calculated for properties in Kumaravel Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft would incur a stamp duty of Rs 53,900.

What other streets have guideline values in Padiyanallur?

Other streets in Padiyanallur include Kumaran Street at Rs 660 per sq.ft, Kulathu Street (PANNEERVAKKAM) at Rs 385 per sq.ft, and several others, with the median value being Rs 770 per sq.ft.