Guideline Value

Corporate

Guideline Value for R.D.TAAJ CITY

₹550/sq.ft.

The guideline value for R.d.taaj City 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 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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]

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R.D.Taaj City guideline value

The current guideline value of R.D.Taaj City is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Sholavaram village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of R.D.Taaj City has changed

According to the guideline value register, there are no figures for R.D.Taaj City for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 500 per sq.ft, which was then increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

The 2024 revision is the most recent, reflecting the current guideline value. The previous figure from 2023 was Rs 500 per sq.ft, indicating a notable increase in the guideline value for this property.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO that carry 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. R.D.Taaj City's current value is below this median.

Stamp duty and registration fee for property in R.D.Taaj City

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to 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 duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.D.Taaj City?

The Sub Registrar Office that covers R.D.Taaj City 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 Sholavaram

The guideline value plays a crucial role in the registration process when buying or selling property in Sholavaram. It is used to determine the stamp duty and registration fees that need to be paid at the time of transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of R.D.Taaj City?

The current guideline value of R.D.Taaj City is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for R.D.Taaj City was Rs 500 per sq.ft in 2023 and increased by 10% to Rs 550 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of R.D.Taaj City?

R.D.Taaj City is classified as Residential Class III Type - I, which indicates its designation for residential purposes within the area.

What are the stamp duty rates applicable in R.D.Taaj City?

The stamp duty rate for properties in R.D.Taaj City is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for R.D.Taaj City?

The Redhills Sub Registrar Office covers R.D.Taaj City and is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.