Guideline Value

Corporate

Guideline Value for Redhills Road Fifth Street

₹3800/sq.ft.

The guideline value for Redhills Road Fifth Street in Konnur village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹452 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹417 /sq.ft.
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 Fifth Street

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Redhills Road Fifth Street guideline value

The current guideline value of Redhills Road Fifth Street, located in Konnur village and under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Redhills Road Fifth Street has changed

The guideline value for Redhills Road Fifth Street has seen several revisions over the years. In 2002, the value was Rs 417 per sq.ft, which increased to Rs 452 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, marking a 77% increase from the previous revision. In 2012, the figure remained at Rs 3,500 per sq.ft, and then it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value increased by 49% to Rs 3,500 per sq.ft. The most recent revision in 2024 has set the value at Rs 3,800 per sq.ft, indicating a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 811%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values in 2024 ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, which matches the current value for Redhills Road Fifth Street.

Stamp duty and registration fee for property in Redhills Road Fifth Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, while the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Redhills Road Fifth Street?

The Sub Registrar Office that covers Redhills Road Fifth Street 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 information.

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

The guideline value is an essential factor when registering property transactions in Konnur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Redhills Road Fifth Street?

The current guideline value of Redhills Road Fifth Street is Rs 3,800 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 417 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 811%.

What are the stamp duty and registration fees for property in Redhills Road Fifth Street?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles property registrations for Redhills Road Fifth Street?

The Konnur Sub Registrar Office handles property registrations for Redhills Road Fifth Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Redhills Road Fifth Street?

Redhills Road Fifth Street is classified as Residential Class II Type - I, indicating its suitability for residential development.