Guideline Value

Corporate

Guideline Value for Periyar Street

₹385/sq.ft.

The guideline value for Periyar Street 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 Periyar Street

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Periyar Street guideline value

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

How the guideline value of Periyar Street has changed

The guideline value for Periyar Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012, before decreasing to Rs 234 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 50%, raising the value to Rs 350 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 385 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for Periyar Street in the 2002 and 2003 revisions. 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 for these streets is Rs 385 per sq.ft, which aligns with the guideline value of Periyar Street.

Stamp duty and registration fee for property in Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be 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, resulting in a total of Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Street?

The Sub Registrar Office that covers Periyar Street 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 plays a crucial role in property transactions in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Periyar Street?

The current guideline value of Periyar Street 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 from Rs 300 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, with various revisions in between, including a significant increase of 50% from 2017 to 2023.

What is the median guideline value in Orakadu & Kiruthalapuram?

The median guideline value in Orakadu & Kiruthalapuram is Rs 385 per sq.ft, which is the same as the guideline value for Periyar Street.

What are the stamp duty and registration fees for property in Periyar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 26,950 and the registration fee would be Rs 7,700, totaling Rs 34,650.

Which office handles property registrations for Periyar Street?

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