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Guideline Value

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Guideline Value for Orakkadu Road (Upto Sai Balaji Nagar)

₹550/sq.ft.

The guideline value for Orakkadu Road (upto Sai Balaji Nagar) in Sholavaram village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholavaram

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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 Road (upto Sai Balaji Nagar)

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Orakkadu Road (Upto Sai Balaji Nagar) guideline value

The current guideline value of Orakkadu Road (Upto Sai Balaji Nagar) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Sholavaram village and falls under the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Orakkadu Road (Upto Sai Balaji Nagar) has changed

The guideline value for Orakkadu Road has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 335 per sq.ft in 2017, reflecting a 33% drop. From 2017 to 2023, the value surged to Rs 500 per sq.ft, a notable increase of 49%. The most recent revision in 2024 brought the value to Rs 550 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Orakkadu Road is below this median.

Stamp duty and registration fee for property in Orakkadu Road (Upto Sai Balaji Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,50,000, the stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 Orakkadu Road (Upto Sai Balaji Nagar)?

The Sub Registrar Office that covers Orakkadu Road (Upto Sai Balaji Nagar) 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Sholavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value ensures that the transaction is recorded at a standard value, which helps maintain transparency in property dealings. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Orakkadu Road (Upto Sai Balaji Nagar)?

The current guideline value of Orakkadu Road (Upto Sai Balaji Nagar) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting a total increase of 175% over this period.

What are the other guideline values in Sholavaram?

Other streets in Sholavaram have varying guideline values, with rates ranging from Rs 515 to Rs 3,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 5,50,000, the stamp duty would be Rs 38,500.

Where can I find the Sub Registrar Office for Orakkadu Road?

The Sub Registrar Office for Orakkadu Road (Upto Sai Balaji Nagar) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.