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Guideline Value

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Guideline Value for Ashokar Street (Bhavani Nagar)

₹770/sq.ft.

The guideline value for Ashokar 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 Street (bhavani Nagar)

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Ashokar Street (Bhavani Nagar) guideline value

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

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

The guideline value for Ashokar Street (Bhavani Nagar) has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a 75% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 469 per sq.ft. The 2017 revision then saw a significant increase of 49%, bringing the value to Rs 700 per sq.ft in 2023.

With the latest 2024 revision, the guideline value has risen to Rs 770 per sq.ft, reflecting a 10% increase from the previous year. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 93%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Padiyanallur

Padiyanallur village has a total of 132 streets under the Redhills SRO, with 2024 guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median value is Rs 770 per sq.ft, which is the same as the current guideline value for Ashokar Street (Bhavani Nagar).

Stamp duty and registration fee for property in Ashokar 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 amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashokar Street (Bhavani Nagar)?

The Sub Registrar Office that covers Ashokar Street (Bhavani Nagar) is the Redhills Sub Registrar Office, located at 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 Padiyanallur

The guideline value is a crucial factor during the registration of property transactions in Padiyanallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is in line with the government’s valuation of the property.

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 in the transaction and aids in the calculation of the applicable fees based on the established guideline value.

Frequently asked questions

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

The current guideline value of Ashokar 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 from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, marking an overall increase of 93% over the years.

What is the stamp duty rate for properties in Ashokar Street (Bhavani Nagar)?

The stamp duty rate for properties in Ashokar Street (Bhavani Nagar) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ashokar Street (Bhavani Nagar)?

The Sub Registrar Office for Ashokar Street (Bhavani Nagar) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value for streets in Padiyanallur?

The median guideline value for streets in Padiyanallur is Rs 770 per sq.ft, which is the same as the current value for Ashokar Street (Bhavani Nagar).