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Guideline Value

Corporate

Guideline Value for Madhavaram Redhills High Road

₹1100/sq.ft.

The guideline value for Madhavaram Redhills High Road in Vadakarai village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadakarai

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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 Madhavaram Redhills High Road

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Madhavaram Redhills High Road guideline value

The current guideline value of Madhavaram Redhills High Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in Vadakarai village, under the Redhills Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Madhavaram Redhills High Road has changed

The guideline value for Madhavaram Redhills High Road has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 67% rise. However, this value decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and most recently to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 83%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Vadakarai

In Vadakarai, there are 15 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,100 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Madhavaram Redhills High Road's 2024 figure above that median.

Stamp duty and registration fee for property in Madhavaram Redhills High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Madhavaram Redhills High Road?

The Madhavaram Redhills High Road falls under the jurisdiction of the Redhills Sub Registrar Office. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further information.

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

The guideline value is a crucial factor when buying or selling property in Vadakarai. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When a property is registered, the guideline value is used to determine the amount of tax payable, which is calculated on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Madhavaram Redhills High Road?

The current guideline value of Madhavaram Redhills High Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What is the registration office for Madhavaram Redhills High Road?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,100 per sq.ft would incur a stamp duty of Rs 77,000.

What are the other streets in Vadakarai with guideline values?

Other streets in Vadakarai under the Redhills SRO have varying guideline values. For instance, New Star City is valued at Rs 550 per sq.ft, while New Sun City is at Rs 440 per sq.ft.