Guideline Value

Corporate

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

₹9400/sq.ft.

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

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B.N.REDDY ROAD 3rd STREET guideline value

The current guideline value of B.N.REDDY ROAD 3rd 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 and is classified as Residential Class I Type - I.

How the guideline value of B.N.REDDY ROAD 3rd STREET has changed

The guideline value for B.N.REDDY ROAD 3rd STREET has seen several revisions over the years. In 2003, the guideline 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 8,500 per sq.ft in 2012, before dropping to Rs 5,695 per sq.ft in 2017. The most recent revisions show an increase to Rs 8,500 per sq.ft in 2023, followed by the current value of Rs 9,400 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 is an increase of 11%. Notably, the overall increase from 2003 to 2024 is a substantial 305%. The register has no figure for the year 2002 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 guideline value is Rs 11,000 per sq.ft, placing B.N.REDDY ROAD 3rd STREET's current value below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value would be Rs 94,00,000. The stamp duty at 7% would amount to Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, making the total fees together Rs 8,46,000. It is important to note that duty is charged on the higher of the guideline value and 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 3rd STREET?

The Sub Registrar Office that covers B.N.REDDY ROAD 3rd 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 crucial factor in the registration process when buying or selling property in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value as it directly impacts the financial obligations of the buyer. Proper understanding of this value ensures compliance with local regulations and helps avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of B.N.REDDY ROAD 3rd STREET?

The current guideline value of B.N.REDDY ROAD 3rd 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 from Rs 2,321 per sq.ft in 2003 to Rs 9,400 per sq.ft in 2024, showing an overall increase of 305% over the years.

What is the median guideline value in Tnagar?

The median guideline value in Tnagar is Rs 11,000 per sq.ft, which is above the current value of B.N.REDDY ROAD 3rd STREET.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 8,46,000.

Which office handles property registrations for B.N.REDDY ROAD 3rd STREET?

The Thiyagaraya nagar Sub Registrar Office handles property registrations for B.N.REDDY ROAD 3rd STREET, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.