Guideline Value

Corporate

Guideline Value for Ramachandra Naidu Street

₹385/sq.ft.

The guideline value for Ramachandra Naidu 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 Ramachandra Naidu Street

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Ramachandra Naidu Street guideline value

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

How the guideline value of Ramachandra Naidu Street has changed

The guideline value for Ramachandra Naidu Street has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it dropped to Rs 234 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 350 per sq.ft, followed by the current figure of Rs 385 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 50%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 17%. Overall, from 2007 to 2024, the guideline value has increased by 28%. The register does not have figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 385 per sq.ft. The guideline value of Ramachandra Naidu Street aligns with this median.

Stamp duty and registration fee for property in Ramachandra Naidu Street

For a 1,000 sq.ft plot at the current rate of Rs 385 per sq.ft, the 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. 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 Ramachandra Naidu Street?

The Sub Registrar Office that covers Ramachandra Naidu 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 is an essential factor when buying or selling property in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is registered at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Ramachandra Naidu Street?

The current guideline value of Ramachandra Naidu 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, reflecting an overall increase of 28% over these years.

What are the other streets with the same guideline value?

Other streets in Orakadu & Kiruthalapuram also have a guideline value of Rs 385 per sq.ft in 2024, including Perumal Koil Street, Periyar Street, and Parthasarathy Street, among others.

What is the stamp duty on property in Ramachandra Naidu Street?

The stamp duty on property in Ramachandra Naidu Street is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 26,950.

Where is the Sub Registrar Office located?

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