Guideline Value for Reddiyar Street

Reddiyar Street guideline value

The current guideline value of Reddiyar Street in Kannanthangal village is Rs 126 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Reddiyar Street has changed

Over the years, the guideline value of Reddiyar Street has seen several revisions. The 2012 revision set the value at Rs 125 per sq.ft, which then decreased to Rs 84 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 126 per sq.ft, a figure that was maintained in the 2023 revision. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in guideline value is an increase of 1%. The current rate of Rs 126 per sq.ft is consistent with the previous revision in 2023, indicating no change in guideline value from that year to the current one.

Guideline values in Kannanthangal

Kannanthangal village has a total of 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 110 per sq.ft, placing Reddiyar Street above this median.

• Sanar Kuttai Street: Rs 110 per sq.ft (2024)
• Sandhiya Nagar: Rs 200 per sq.ft (2024)
• Pallikuda Street: Rs 110 per sq.ft (2024)
• Oththavadai Street: Rs 110 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• M.G.R.Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Reddiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520, totaling Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Reddiyar Street?

The Sub Registrar Office that covers Reddiyar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kannanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Reddiyar Street?

The current guideline value of Reddiyar Street is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification for Reddiyar Street?

Reddiyar Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the other streets in Kannanthangal with their guideline values?

Other streets in Kannanthangal include Sanar Kuttai Street, Sandhiya Nagar, Pallikuda Street, Oththavadai Street, Nadu Street, and M.G.R.Street, with guideline values ranging from Rs 110 to Rs 200 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Reddiyar Street?

The Sub Registrar Office for Reddiyar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.