Guideline Value for REDDYKULAM STREET

Reddykulam Street guideline value

The current guideline value of Reddykulam Street is Rs 1,099 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO and falls under Residential Class I Type - I land classification.

How the guideline value of Reddykulam Street has changed

The guideline value for Reddykulam Street has seen significant changes over the years. In the 2017 revision, the value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,099 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Reddykulam Street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Reddykulam Street's 2024 figure above this median.

• R I Nagar: Rs 825 per sq.ft (2024)
• Saibaba Nagar: Rs 550 per sq.ft (2024)
• Sandu Street: Rs 1,099 per sq.ft (2024)
• Sannadhi Street: Rs 1,100 per sq.ft (2024)
• Rajaji Street ( T V Malai): Rs 825 per sq.ft (2024)
• Railway Quarters: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Reddykulam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty, charged at 7%, would amount to Rs 76,930, while the registration fee at 2% would be Rs 21,980. Together, the total cost for these fees would be Rs 98,910. 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 Reddykulam Street?

The Sub Registrar Office that covers Reddykulam Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be sold or bought. When a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, buyers and sellers must ensure that the sale price is either equal to or greater than the guideline value. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Reddykulam Street?

The current guideline value of Reddykulam Street is Rs 1,099 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,099 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for properties on Reddykulam Street?

For a property valued at Rs 10,99,000, the stamp duty would be Rs 76,930 and the registration fee would be Rs 21,980, totaling Rs 98,910.

Which Sub Registrar Office handles registrations for Reddykulam Street?

The Thiruttani Sub Registrar Office handles registrations for Reddykulam Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the median guideline value for streets in Tiruttani?

The median guideline value for streets in Tiruttani is Rs 825 per sq.ft, with Reddykulam Street's current value being above this median.