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Guideline Value

Corporate

Guideline Value for Redhills Road other Parts

₹3800/sq.ft.

The guideline value for Redhills Road Other Parts 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 ₹447 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹411 /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 Other Parts

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Redhills Road other Parts guideline value

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

How the guideline value of Redhills Road other Parts has changed

The guideline value for Redhills Road other Parts has experienced several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 411 per sq.ft. This increased to Rs 447 per sq.ft in 2003, marking a 9% rise. The value then saw a significant increase to Rs 800 per sq.ft in 2007, which was a 79% change. Following this, the value surged to Rs 3,500 per sq.ft in 2012, reflecting a remarkable increase of 338%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, showing a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, which was a 49% increase, and finally, it reached Rs 3,800 per sq.ft in 2024, marking a 9% increase.

There are no figures available for the revisions in years other than those specified. The overall change from 2002 to 2024 indicates a substantial increase of 825% in the guideline value.

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 is Rs 3,800 per sq.ft, which is equal to the guideline value of Redhills Road other Parts.

Stamp duty and registration fee for property in Redhills Road other Parts

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to 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.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Redhills Road other Parts?

The Sub Registrar Office that covers Redhills Road other Parts is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Konnur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that they are calculated based on the established rates for the area.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it directly influences the overall costs involved in the registration process. Buyers and sellers should ensure they are informed about the current rates to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Redhills Road other Parts?

The current guideline value of Redhills Road other Parts 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 411 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 825% over the years.

What are the other streets in Konnur with the same guideline value?

Other streets in Konnur with the same guideline value of Rs 3,800 per sq.ft include Redhills Road (Near Railway Gate), Redhills Road Second Street, Redhills Road Fourth Street, Redhills Road First Street, Redhills Road Third Street, and Redhills Road Fifth Street.

What fees are associated with buying property in Redhills Road other Parts?

When buying property in Redhills Road other Parts, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Redhills Road other Parts is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more details through the provided link.