Guideline Value

Corporate

Guideline Value for B.N.REDDY ROAD 3rd LANE

₹5500/sq.ft.

The guideline value for B.n.reddy Road 3rd 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 3rd Lane

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B.N.REDDY ROAD 3rd LANE guideline value

The current guideline value for B.N.REDDY ROAD 3rd 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 3rd LANE has changed

The guideline value for B.N.REDDY ROAD 3rd LANE has undergone several revisions over the years. The earliest available figure is from 2003, when the value was Rs 2,321 per sq.ft. This increased to Rs 3,000 per sq.ft in 2007, marking a 29% rise. In 2012, the value reached Rs 5,000 per sq.ft, reflecting a significant increase of 67%. However, in 2017, it dropped to Rs 3,350 per sq.ft, a decrease of 33%. The guideline value then increased to Rs 5,000 per sq.ft in 2023, and most recently to Rs 5,500 per sq.ft in 2024, which is a 10% increase.

From 2017 to 2023, the value saw a substantial rise of 49%. Overall, from 2003 to 2024, the guideline value has increased by 137%. It is important to note that the register does not have a figure for the year 2002 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. The guideline value for B.N.REDDY ROAD 3rd LANE is below this median.

Stamp duty and registration fee for property in B.N.REDDY ROAD 3rd LANE

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

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

Which Sub Registrar Office covers B.N.REDDY ROAD 3rd LANE?

The B.N.REDDY ROAD 3rd LANE is covered by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value for B.N.REDDY ROAD 3rd LANE?

The current guideline value for B.N.REDDY ROAD 3rd 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 seen several changes, starting 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 this period.

What is the land classification for B.N.REDDY ROAD 3rd LANE?

B.N.REDDY ROAD 3rd LANE is classified as Residential Class III Type - II according to the guidelines.

What is the registration office for this area?

The registration office for B.N.REDDY ROAD 3rd LANE is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is the stamp duty calculated for properties in Tnagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 5,500 per sq.ft, the duty will be calculated on this amount if it exceeds the sale price.