Guideline Value

Corporate

Guideline Value for Redhills Road Third Street

₹3800/sq.ft.

The guideline value for Redhills Road Third 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 ₹437 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹403 /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 Third Street

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Redhills Road Third Street guideline value

The current guideline value of Redhills Road Third Street in Konnur village, under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification.

How the guideline value of Redhills Road Third Street has changed

The guideline value for Redhills Road Third Street has undergone several revisions over the years. Starting from Rs 403 per sq.ft in 2002, it increased to Rs 437 per sq.ft in 2003, marking an 8% rise. The value then saw a significant jump to Rs 800 per sq.ft in 2007, which was an 83% increase. In 2012, the value was recorded at Rs 3,500 per sq.ft, showing a remarkable 338% growth from the previous revision. However, in 2017, the value dropped to Rs 2,345 per sq.ft, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value increased to Rs 3,500 per sq.ft, which was a 49% rise. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, a 9% increase from the previous year. There are no figures available for other revisions for this street in the register.

Guideline values in Konnur

In Konnur, a total of 249 streets fall under the Konnur SRO, with a 2024 guideline value range 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 Redhills Road Third Street at this median value for 2024.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. The total fees together would be Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Redhills Road Third Street?

The Redhills Road Third Street is covered by the Konnur Sub Registrar Office located at Sub Register Office, 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 a crucial factor during property registration in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties. This ensures that the taxes are based on a fair valuation of the property.

Frequently asked questions

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

The current guideline value of Redhills Road Third 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 from Rs 403 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 843% over the years.

What is the land classification for Redhills Road Third Street?

Redhills Road Third Street is classified under Residential Class II Type - I land classification.

Where can I find the registration office for Redhills Road Third Street?

The registration office for Redhills Road Third Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.