Guideline Value for Reddy Street Extn

Reddy Street Extn guideline value

The current guideline value of Reddy Street Extn is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Reddy Street Extn has changed

The guideline value for Reddy Street Extn has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 1,100 per sq.ft, the same as in 2023. Prior to that, the 2017 revision recorded a guideline value of Rs 737 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Reddy Street Extn's 2024 figure above this median.

• Reddy Street: Rs 1,000 per sq.ft (2024)
• Reddy Lane: Rs 1,100 per sq.ft (2024)
• Ranka Nagar: Rs 1,000 per sq.ft (2024)
• Roni Avenue: Rs 700 per sq.ft (2024)
• Rotarypuram: Rs 400 per sq.ft (2024)
• Ramanujar V th Cross Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Reddy Street Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Reddy Street Extn?

The Sub Registrar Office that covers Reddy Street Extn 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 Sriperumbudur A

The guideline value is a critical factor used during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Reddy Street Extn?

The current guideline value of Reddy Street Extn is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,100 per sq.ft from 2023 to 2024. It increased by 49% from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Reddy Street Extn?

For a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office is responsible for Reddy Street Extn?

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

What is the land classification for Reddy Street Extn?

The land classification for Reddy Street Extn is Residential Class I Type - II, indicating its suitability for residential development.