Guideline Value

Corporate

Guideline Value for B.N.REDDY ROAD

₹14300/sq.ft.

The guideline value for B.n.reddy Road in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 14300 per sq.ft, effective 1 July 2024. It was Rs 13000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹14300 /sq.ft.
From 1-4-2023 ₹13000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8710 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹13000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2321 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2091 /sq.ft.
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]

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B.N.Reddy Road guideline value

The current guideline value of B.N.Reddy Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, and the land classification is Mixed Special Type - I.

How the guideline value of B.N.Reddy Road has changed

The guideline value for B.N.Reddy Road has seen significant changes over the years. In 2002, the guideline value was Rs 2,091 per sq.ft. This increased to Rs 2,321 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 4,000 per sq.ft in 2007, a substantial increase of 72%. Following this, the value jumped to Rs 13,000 per sq.ft in 2012, reflecting a remarkable growth of 225%. However, in 2017, the value decreased to Rs 8,710 per sq.ft, a decline of 33%. The guideline value then increased significantly to Rs 13,000 per sq.ft in 2023, and finally reached Rs 14,300 per sq.ft in 2024, showing an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 584%. There are no figures available for revisions in the years not listed, indicating that the register has no figure for this street in those years.

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. The median guideline value in this area is Rs 11,000 per sq.ft, placing B.N.Reddy Road's 2024 figure above this median.

Stamp duty and registration fee for property in B.N.Reddy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, making the total fees Rs 12,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.N.Reddy Road?

The Sub Registrar Office that covers B.N.Reddy Road 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 when registering a property in Tnagar. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of B.N.Reddy Road?

The current guideline value of B.N.Reddy Road is Rs 14,300 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 2,091 per sq.ft in 2002 to Rs 14,300 per sq.ft in 2024, reflecting an overall increase of 584% over the years.

What are the stamp duty and registration fees for properties on B.N.Reddy Road?

For a property valued at Rs 14,300 per sq.ft, the stamp duty would be Rs 10,01,000 and the registration fee would be Rs 2,86,000, totaling Rs 12,87,000 for a 1,000 sq.ft plot.

Which Sub Registrar Office covers B.N.Reddy Road?

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

What is the land classification for B.N.Reddy Road?

The land classification for B.N.Reddy Road is Mixed Special Type - I, indicating its diverse usage and potential for various developments.