Guideline Value for Red Cross Road

Red Cross Road guideline value

The current guideline value of Red Cross Road is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Mixed Type - I.

How the guideline value of Red Cross Road has changed

The guideline value register for Red Cross Road has undergone several revisions. However, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 13,400 per sq.ft.

Since there are no figures for the previous years, it can be noted that the current value reflects the latest assessment made in 2024. There have been no changes between the revisions above.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing the 2024 value of Red Cross Road above this median.

• Rangathapuram 2nd street: Rs 7,100 per sq.ft (2024)
• Ranganatha puram 1st street: Rs 7,100 per sq.ft (2024)
• Rangachari Street: Rs 3,900 per sq.ft (2024)
• Sadhu Chetty street: Rs 7,100 per sq.ft (2024)
• Ramanathan salai: Rs 13,400 per sq.ft (2024)
• Ramanathan chetty street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Red Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty at 7% would amount to Rs 9,38,000, while the registration fee at 2% would be Rs 2,68,000, totaling Rs 12,06,000. 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 Red Cross Road?

The Sub Registrar Office covering Red Cross Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is considered to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Red Cross Road?

The current guideline value of Red Cross Road is Rs 13,400 per sq.ft, effective from 1 July 2024.

What is the land classification of Red Cross Road?

Red Cross Road is classified as Mixed Type - I according to the guideline value register.

Are there any previous guideline values for Red Cross Road?

The guideline value register shows no figures for Red Cross Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

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

For a property valued at Rs 1,34,00,000, the stamp duty would be Rs 9,38,000 and the registration fee would be Rs 2,68,000, totaling Rs 12,06,000.

Where is the Sub Registrar Office for Red Cross Road located?

The Sub Registrar Office for Red Cross Road is located at 1103, Poonamallee High Road, Chennai-600 003, under the Periamet registration zone.