Guideline Value for REDHILLIS ROAD

Redhillis Road guideline value

The current guideline value of Redhillis Road in Kakkalur village is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - IV.

How the guideline value of Redhillis Road has changed

Over the years, the guideline value for Redhillis Road has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 300% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then rose to Rs 800 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is a substantial 300% increase.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 626 per sq.ft, positioning Redhillis Road's 2024 figure above this median.

• R.K. Nagar: Rs 626 per sq.ft (2024)
• Roja Street: Rs 626 per sq.ft (2024)
• Royal Homes Part-I To III: Rs 626 per sq.ft (2024)
• R.P. Nagar: Rs 626 per sq.ft (2024)
• R.V.Nagar: Rs 626 per sq.ft (2024)
• Ram Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Redhillis Road

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Redhillis Road?

The Sub Registrar Office that covers Redhillis Road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kakkalur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When registering a property, buyers must consider the guideline value as it affects the stamp duty and registration fees. These costs are calculated based on the guideline value or the sale price, whichever is higher, ensuring that all transactions are in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Redhillis Road?

The current guideline value of Redhillis Road is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 200 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. It has remained at Rs 800 per sq.ft in the 2023 and 2024 revisions.

What is the median guideline value for streets in Kakkalur?

The median guideline value for streets in Kakkalur is Rs 626 per sq.ft, with Redhillis Road's value being above this median at Rs 800 per sq.ft.

What are the stamp duty and registration fees for property in Redhillis Road?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles property registrations for Redhillis Road?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Redhillis Road, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.