Guideline Value for MADRAS REDHILLS ROAD

Madras Redhills Road guideline value

The current guideline value of Madras Redhills Road is Rs 1,002 per sq.ft, effective from 1 July 2024. This road is located in Kadappakkam village under the Thiruvottiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Madras Redhills Road has changed

The guideline value for Madras Redhills Road has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 250 per sq.ft. This increased to Rs 600 per sq.ft in 2012, followed by a decrease to Rs 402 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,002 per sq.ft as per the 2024 revision.

Notably, from 2017 to 2023, the guideline value increased by 149%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 140%. Overall, from 2007 to 2024, the guideline value has increased by 301%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadappakkam

Kadappakkam village has 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft. The median value is Rs 1,002 per sq.ft, which is equal to the current guideline value of Madras Redhills Road.

• Manali New Town (T N H B & C M D A): Rs 1,100 per sq.ft (2024)
• K.G.L. Nagar: Rs 1,002 per sq.ft (2024)
• Muthu Complex: Rs 1,002 per sq.ft (2024)
• Kanniyamman Pettai: Rs 1,002 per sq.ft (2024)
• Kamarajpuram: Rs 1,002 per sq.ft (2024)
• Harijan Colony: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Madras Redhills Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total cost to Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Madras Redhills Road?

The Sub Registrar Office that covers Madras Redhills Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kadappakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction reflects the official value of the property as per government standards.

Frequently asked questions

What is the current guideline value of Madras Redhills Road?

The current guideline value of Madras Redhills Road is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 250 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024, with notable changes in 2012, 2017, and 2023.

What is the land classification for Madras Redhills Road?

Madras Redhills Road is classified as Residential Class I Type - II under the Thiruvottiyur SRO.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for Madras Redhills Road?

The Thiruvottiyur Sub Registrar Office handles registrations for Madras Redhills Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.