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Guideline Value

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Guideline Value for Bharathiar Street (Bhavani Nagar)

₹770/sq.ft.

The guideline value for Bharathiar Street (bhavani Nagar) in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padiyanallur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Bharathiar Street (bhavani Nagar)

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Bharathiar Street (Bhavani Nagar) guideline value

The current guideline value of Bharathiar Street (Bhavani Nagar) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathiar Street (Bhavani Nagar) has changed

The guideline value for Bharathiar Street (Bhavani Nagar) has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 400 per sq.ft. This increased to Rs 700 per sq.ft in 2012, marking a 75% increase. However, between 2012 and 2017, the value decreased by 33% to Rs 469 per sq.ft. The next revision in 2023 saw a significant rise to Rs 700 per sq.ft, followed by a further increase to Rs 770 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 93%. The revisions for the years 2002 and 2003 have no figures recorded for this street in the register.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft, with the median value being Rs 770 per sq.ft. Bharathiar Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Bharathiar Street (Bhavani Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathiar Street (Bhavani Nagar)?

The Sub Registrar Office that covers Bharathiar Street (Bhavani Nagar) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Padiyanallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps in ensuring compliance with local regulations and avoiding any potential disputes during the registration process. It is advisable to consult the guideline value register for the most accurate and updated figures before proceeding with any property transactions.

Frequently asked questions

What is the current guideline value of Bharathiar Street (Bhavani Nagar)?

The current guideline value of Bharathiar Street (Bhavani Nagar) is Rs 770 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 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, marking a total increase of 93% over the years.

What are the stamp duty and registration fees for property in Bharathiar Street?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Bharathiar Street?

The Redhills Sub Registrar Office handles registrations for Bharathiar Street (Bhavani Nagar), located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Where can I find more information about guideline values in Padiyanallur?

More information about guideline values in Padiyanallur can be found in the registration department's guideline value register, which lists the values for various streets in the area.