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Guideline Value

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Guideline Value for Thiruvallur- Red hills Raod

₹500/sq.ft.

The guideline value for Thiruvallur- Red Hills Raod in Ikkadu village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ikkadu

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹80 /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)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[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 Thiruvallur- Red Hills Raod

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Thiruvallur- Red hills Raod guideline value

The current guideline value for Thiruvallur- Red hills Raod is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Ikkadu village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvallur- Red hills Raod has changed

The guideline value for Thiruvallur- Red hills Raod has undergone several revisions since 2007. In 2007, the value was Rs 80 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. Following this, the value decreased to Rs 335 per sq.ft in 2017, before remaining at Rs 500 per sq.ft in both the 2023 and 2024 revisions, reflecting a change of +49% from 2017 to 2023, and a stable rate from 2023 to 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +525%.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Thiruvallur- Red hills Raod is above this median.

Stamp duty and registration fee for property in Thiruvallur- Red hills Raod

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000 for both fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvallur- Red hills Raod?

The Sub Registrar Office that covers Thiruvallur- Red hills Raod is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Ikkadu. It determines the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction legally. This ensures that both buyers and sellers are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value for Thiruvallur- Red hills Raod?

The current guideline value for Thiruvallur- Red hills Raod is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both 2023 and 2024.

What are the other streets in Ikkadu and their guideline values?

Other streets in Ikkadu include Thendral Nagar at Rs 100 per sq.ft, Teachers Colony at Rs 500 per sq.ft, Swathi Nagar at Rs 1,400 per sq.ft, Sundar Raj Nagar at Rs 200 per sq.ft, Vanickar Street at Rs 500 per sq.ft, and Vasantham Town at Rs 500 per sq.ft.

How is stamp duty calculated for properties in Thiruvallur- Red hills Raod?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty at 7% would be Rs 35,000.

Where can I find the Sub Registrar Office for Thiruvallur- Red hills Raod?

The Sub Registrar Office for Thiruvallur- Red hills Raod is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find more details online.