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Guideline value, street

Guideline Value for Redhills Road (Adjoinging Main Bazaar Street(Door No.1 To 57 And 134 To 167)

₹5500/sq.ft.effective 1 July 2024

Chennai zone Konnur village Konnur SRO Residential Class I Type - I

The guideline value for Redhills Road (adjoinging Main Bazaar Street(door No.1 To 57 And 134 To 167) in Konnur village (Konnur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 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:

History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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 Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Redhills Road (adjoinging Main Bazaar Street(door No.1 To 57 And 134 To 167)

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Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167) guideline value

The current guideline value for Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167) is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Konnur village and falls under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167) has changed

The guideline value for this street has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in the 2017 revision. The value saw a substantial rise to Rs 5,000 per sq.ft again in 2023, and currently stands at Rs 5,500 per sq.ft as per the 2024 revision. There are no figures available for the revisions in 2002 and 2003 for this street.

From the 2017 to 2023 revision, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Notably, the overall increase from the 2007 revision to the current 2024 figure is 450%, showcasing significant growth over the years.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing the guideline value of Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167) above this median.

Stamp duty and registration fee for property in Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167)

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167)?

The Sub Registrar Office that covers Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the associated fees.

When a property is registered, the guideline value ensures that the transaction is documented at a fair price based on current market standards. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value for Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167)?

The current guideline value for Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024. The most notable increase occurred from 2012 to 2017, where it decreased, but then rose again to Rs 5,000 in 2023 before reaching the current value.

What is the stamp duty rate for properties in Konnur?

The stamp duty rate for properties in Konnur is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration of property transactions.

Where can I find the Sub Registrar Office for Redhills Road?

The Konnur Sub Registrar Office covers Redhills Road and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value for streets in Konnur?

The median guideline value for streets in Konnur is Rs 3,800 per sq.ft. The guideline value for Redhills Road (Adjoinging Main Bazaar Street(Door No.1 to 57 and 134 to 167) is above this median.