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Guideline Value

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Guideline Value for Orakkadu Grama Pradhana Salai

₹385/sq.ft.

The guideline value for Orakkadu Grama Pradhana Salai in Orakadu & Kiruthalapuram village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 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

Orakadu & Kiruthalapuram

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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 Orakkadu Grama Pradhana Salai

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Orakkadu Grama Pradhana Salai guideline value

The current guideline value of Orakkadu Grama Pradhana Salai is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Orakadu & Kiruthalapuram village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Orakkadu Grama Pradhana Salai has changed

The guideline value for Orakkadu Grama Pradhana Salai has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 300 per sq.ft. In 2012, it increased to Rs 350 per sq.ft, but then decreased to Rs 234 per sq.ft in 2017. The value rose significantly to Rs 350 per sq.ft in 2023, and currently stands at Rs 385 per sq.ft as of the 2024 revision.

Between these revisions, the changes were as follows: from 2007 to 2012, there was an increase of 17%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 50% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 28%.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, which is the same as the current guideline value for Orakkadu Grama Pradhana Salai.

Stamp duty and registration fee for property in Orakkadu Grama Pradhana Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, making the total fees together Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Orakkadu Grama Pradhana Salai?

The Sub Registrar Office that covers Orakkadu Grama Pradhana Salai 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 Orakadu & Kiruthalapuram

The guideline value is a crucial factor when registering property transactions in Orakadu & Kiruthalapuram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

Frequently asked questions

What is the current guideline value for Orakkadu Grama Pradhana Salai?

The current guideline value for Orakkadu Grama Pradhana Salai is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 300 per sq.ft in 2007, reaching Rs 350 in 2012, decreasing to Rs 234 in 2017, and increasing to Rs 350 in 2023, before finally reaching Rs 385 in 2024.

What are the stamp duty rates applicable in this area?

The stamp duty rate for properties in Orakkadu Grama Pradhana Salai is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Which office handles property registrations for Orakkadu Grama Pradhana Salai?

The Redhills Sub Registrar Office handles property registrations for Orakkadu Grama Pradhana Salai, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Orakkadu Grama Pradhana Salai?

Orakkadu Grama Pradhana Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.