Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Ramulu Naidu Street

₹385/sq.ft.

The guideline value for Sri Ramulu Naidu Street in Orakadu & Kiruthalapuram village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 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:

Chennai

Zone

Orakadu & Kiruthalapuram

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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 Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sri Ramulu Naidu Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Ramulu Naidu Street guideline value

The current guideline value of Sri Ramulu Naidu Street in Orakadu & Kiruthalapuram village is Rs 385 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Ramulu Naidu Street has changed

The guideline value for Sri Ramulu Naidu Street has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it saw a decrease to Rs 234 per sq.ft in 2017. The value then rose significantly to Rs 350 per sq.ft in 2023, and currently stands at Rs 385 per sq.ft as of the 2024 revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, the value increased by 17%, followed by a decrease of 33% from 2012 to 2017. The value then saw a substantial increase of 50% from 2017 to 2023, and finally, a rise of 10% from 2023 to 2024. Overall, the guideline value has increased by 28% from 2007 to 2024.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, which is the same as the current guideline value for Sri Ramulu Naidu Street.

Stamp duty and registration fee for property in Sri Ramulu Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total cost together to Rs 34,650. 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 more details.

Which Sub Registrar Office covers Sri Ramulu Naidu Street?

The Sub Registrar Office that covers Sri Ramulu Naidu Street is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value is a crucial factor when registering property transactions in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Ramulu Naidu Street?

The current guideline value of Sri Ramulu Naidu Street is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 50% from 2017 to 2023.

What is the registration office for Sri Ramulu Naidu Street?

The registration office for Sri Ramulu Naidu Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,85,000, the stamp duty at 7% would be Rs 26,950.

What is the land classification for Sri Ramulu Naidu Street?

Sri Ramulu Naidu Street is classified as Residential Class I Type - I, which indicates its designation for residential purposes within the area.