Guideline Value for New Redhills haroon Ullasa City

New Redhills haroon Ullasa City guideline value

The current guideline value for New Redhills haroon Ullasa City in Pullilyon village is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Redhills Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of New Redhills haroon Ullasa City has changed

The guideline value has seen several revisions over the years. Starting from Rs 56 per sq.ft in 2003, it increased significantly to Rs 400 per sq.ft in 2007, followed by a rise to Rs 700 per sq.ft in 2012. However, there was a notable decrease to Rs 469 per sq.ft in 2017. The value then climbed to Rs 700 per sq.ft in 2023, before reaching the current figure of Rs 770 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1275%. The register does not have a figure for the year 2002 for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 700 per sq.ft, and the guideline value for New Redhills haroon Ullasa City is above this median.

• N.R. Swamy Nagar: Rs 550 per sq.ft (2024)
• Papparappattu Perumal Koil Street: Rs 440 per sq.ft (2024)
• Parivallal Nagar: Rs 440 per sq.ft (2024)
• Pathrakaliamman Nagar: Rs 440 per sq.ft (2024)
• Perumal Koil Street: Rs 440 per sq.ft (2024)
• Moogambigai Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in New Redhills haroon Ullasa City

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, while the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Redhills haroon Ullasa City?

The New Redhills haroon Ullasa City 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 more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

Frequently asked questions

What is the current guideline value for New Redhills haroon Ullasa City?

The current guideline value for New Redhills haroon Ullasa City is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 56 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 1275% over the years.

What is the stamp duty rate for property transactions in New Redhills haroon Ullasa City?

The stamp duty rate for property transactions in New Redhills haroon Ullasa City is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in New Redhills haroon Ullasa City?

The Redhills Sub Registrar Office handles property registrations in New Redhills haroon Ullasa City, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Where can I find more information about the guideline values in Pullilyon?

More information about the guideline values in Pullilyon can be found in the Registration Department's guideline value register, which provides detailed figures for various streets in the area.