Guideline Value

Corporate

Guideline Value for B.N.REDDY ROAD 1st STREET

₹9400/sq.ft.

The guideline value for B.n.reddy Road 1st Street in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 9400 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹9400 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2321 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 B.n.reddy Road 1st Street

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B.N.REDDY ROAD 1st STREET guideline value

The current guideline value of B.N.REDDY ROAD 1st STREET is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Residential Class I Type - I.

How the guideline value of B.N.REDDY ROAD 1st STREET has changed

The guideline value for B.N.REDDY ROAD 1st STREET has undergone several revisions over the years. In 2003, the value was Rs 2,321 per sq.ft, which increased to Rs 3,000 per sq.ft in 2007. The value then saw a significant rise to Rs 8,500 per sq.ft in 2012, but dropped to Rs 5,695 per sq.ft in 2017. Following that, it increased to Rs 8,500 per sq.ft in 2023, and finally reached Rs 9,400 per sq.ft in the 2024 revision. Notably, the register has no figure for this street in 2002.

Between the revisions, the changes were as follows: from 2003 to 2007, there was an increase of 29%; from 2007 to 2012, the value rose by 183%; however, it decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023 and saw an 11% rise from 2023 to 2024. Overall, the guideline value has increased by 305% from 2003 to 2024.

Guideline values in Tnagar

Tnagar village features a total of 262 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing B.N.REDDY ROAD 1st STREET's 2024 figure below this median.

Stamp duty and registration fee for property in B.N.REDDY ROAD 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, leading to a total of Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers B.N.REDDY ROAD 1st STREET?

The Sub Registrar Office that covers B.N.REDDY ROAD 1st STREET is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Tnagar, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B.N.REDDY ROAD 1st STREET?

The current guideline value of B.N.REDDY ROAD 1st STREET is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,321 per sq.ft in 2003 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of 305% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 94,00,000, the stamp duty would be Rs 6,58,000 and the registration fee would be Rs 1,88,000, totaling Rs 8,46,000.

Which Sub Registrar Office covers B.N.REDDY ROAD 1st STREET?

The Thiyagaraya nagar Sub Registrar Office covers B.N.REDDY ROAD 1st STREET, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is the guideline value determined for properties in Tnagar?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical data on property values in the area.