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Guideline Value

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Guideline Value for Perumal Koil Cross Street

₹385/sq.ft.

The guideline value for Perumal Koil Cross 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 Perumal Koil Cross Street

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Perumal Koil Cross Street guideline value

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

How the guideline value of Perumal Koil Cross Street has changed

Over the years, the guideline value of Perumal Koil Cross Street has seen several revisions. The 2007 revision recorded a value of Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, there was a decrease to Rs 234 per sq.ft in the 2017 revision. This was followed by a significant increase to Rs 350 per sq.ft in 2023, and finally, the current value stands at Rs 385 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

The changes between the revisions show a +17% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +50% increase from 2017 to 2023, and 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 equal to the current figure for Perumal Koil Cross Street.

Stamp duty and registration fee for property in Perumal Koil Cross Street

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, totaling Rs 34,650. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Cross Street?

The Sub Registrar Office that covers Perumal Koil Cross 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 further assistance.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value is a critical factor during the registration of property transactions in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil Cross Street?

The current guideline value of Perumal Koil Cross 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 notable changes occurring in 2012, 2017, and 2023.

What is the land classification for Perumal Koil Cross Street?

Perumal Koil Cross Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Perumal Koil Cross Street?

The Sub Registrar Office for Perumal Koil Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 26,950 at 7%.