Guideline Value

Corporate

Guideline Value for B.N.REDDY ROAD 2nd LANE

₹5500/sq.ft.

The guideline value for B.n.reddy Road 2nd Lane in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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 2nd Lane

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B.N.REDDY ROAD 2nd LANE guideline value

The current guideline value of B.N.REDDY ROAD 2nd LANE is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of B.N.REDDY ROAD 2nd LANE has changed

The guideline value for B.N.REDDY ROAD 2nd LANE has seen 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 rose significantly to Rs 5,000 per sq.ft in 2012, before dropping to Rs 3,350 per sq.ft in 2017. The most recent revisions show an increase to Rs 5,000 per sq.ft in 2023, followed by a further increase to Rs 5,500 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 137%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with 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 2nd LANE's 2024 figure below that median.

Stamp duty and registration fee for property in B.N.REDDY ROAD 2nd LANE

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.N.REDDY ROAD 2nd LANE?

The Sub Registrar Office that covers B.N.REDDY ROAD 2nd LANE is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the property registration process in Tnagar. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that are payable during the transaction.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall costs associated with the transaction. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of B.N.REDDY ROAD 2nd LANE?

The current guideline value of B.N.REDDY ROAD 2nd LANE is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,321 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 137% over the years.

What is the registration office for B.N.REDDY ROAD 2nd LANE?

The registration office for B.N.REDDY ROAD 2nd LANE is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

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 of the property. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at a rate of 7%.

What is the land classification for B.N.REDDY ROAD 2nd LANE?

B.N.REDDY ROAD 2nd LANE is classified as Residential Class III Type - II, which is relevant for determining the guideline value and other regulatory aspects.