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Guideline Value

Corporate

Guideline Value for Madhavaram Redhills Road

₹3300/sq.ft.

The guideline value for Madhavaram Redhills Road in Naravarikuppam village (Redhills SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naravarikuppam

Village

Redhills

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /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 Road

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Madhavaram Redhills Road guideline value

The current guideline value of Madhavaram Redhills Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Naravarikuppam village, under the Redhills Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Madhavaram Redhills Road has changed

The guideline value for Madhavaram Redhills Road has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a rise of 329%. However, this value dropped to Rs 2,010 per sq.ft in the 2017 revision, a decrease of 33%. The subsequent revisions saw a substantial increase, with the value rising to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 371%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Naravarikuppam

Naravarikuppam village has a total of 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Madhavaram Redhills Road is above this median.

Stamp duty and registration fee for property in Madhavaram Redhills Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Madhavaram Redhills Road?

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

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

The guideline value is essential for property transactions in Naravarikuppam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are legally compliant.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in the property transaction. The guideline value serves as a benchmark for both buyers and sellers during negotiations.

Frequently asked questions

What is the current guideline value of Madhavaram Redhills Road?

The current guideline value of Madhavaram Redhills Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing a total increase of 371% over the years.

What is the median guideline value in Naravarikuppam?

The median guideline value in Naravarikuppam is Rs 1,650 per sq.ft, with Madhavaram Redhills Road's value being above this median.

What are the stamp duty and registration fees for properties in Madhavaram Redhills Road?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Madhavaram Redhills Road?

The Redhills Sub Registrar Office covers Madhavaram Redhills Road, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.