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Guideline Value

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Guideline Value for Ashokar Cross Street (Bhavani Nagar)

₹770/sq.ft.

The guideline value for Ashokar Cross Street (bhavani Nagar) in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 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

Padiyanallur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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 Ashokar Cross Street (bhavani Nagar)

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Ashokar Cross Street (Bhavani Nagar) guideline value

The current guideline value of Ashokar Cross Street (Bhavani Nagar) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ashokar Cross Street (Bhavani Nagar) has changed

Over the years, the guideline value of Ashokar Cross Street has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, this value dropped to Rs 469 per sq.ft in 2017. The 2023 revision raised it to Rs 700 per sq.ft, and the latest revision in 2024 has increased it further to Rs 770 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

In terms of percentage changes, the value increased by 75% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 93%.

Guideline values in Padiyanallur

Padiyanallur village has a total of 132 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which matches the current value of Ashokar Cross Street.

Stamp duty and registration fee for property in Ashokar Cross Street (Bhavani Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 Ashokar Cross Street (Bhavani Nagar)?

The Sub Registrar Office that covers Ashokar Cross Street (Bhavani Nagar) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Padiyanallur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the transaction is recorded fairly and transparently.

Frequently asked questions

What is the current guideline value of Ashokar Cross Street (Bhavani Nagar)?

The current guideline value of Ashokar Cross Street (Bhavani Nagar) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 400 per sq.ft in 2007, increasing to Rs 700 in 2012, dropping to Rs 469 in 2017, rising to Rs 700 in 2023, and finally reaching Rs 770 in 2024.

What is the land classification for Ashokar Cross Street?

Ashokar Cross Street (Bhavani Nagar) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Ashokar Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900.