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Guideline Value

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Guideline Value for Cheran Street (Bhavani Nagar)

₹770/sq.ft.

The guideline value for Cheran 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 Cheran Street (bhavani Nagar)

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Cheran Street (Bhavani Nagar) guideline value

The current guideline value of Cheran Street (Bhavani Nagar) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Cheran Street (Bhavani Nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. It increased to Rs 700 per sq.ft in 2012, followed by a decrease to Rs 469 per sq.ft in 2017. The value rose significantly to Rs 700 per sq.ft in 2023 and has now reached Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 reflects a 93% increase. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Padiyanallur

Padiyanallur village has a total of 132 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is the same as the guideline value for Cheran Street (Bhavani Nagar).

Stamp duty and registration fee for property in Cheran 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 fees together 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 Cheran Street (Bhavani Nagar)?

The Sub Registrar Office that covers Cheran Street (Bhavani Nagar) is the Redhills Sub Registrar Office. The address is 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 crucial 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.

When a property is sold, the guideline value is compared to the sale price, and the higher figure is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Cheran 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 seen several revisions: Rs 400 per sq.ft in 2007, Rs 700 per sq.ft in 2012, Rs 469 per sq.ft in 2017, Rs 700 per sq.ft in 2023, and Rs 770 per sq.ft in 2024.

What is the median guideline value for streets in Padiyanallur?

The median guideline value for streets in Padiyanallur is Rs 770 per sq.ft, which is also the guideline value for Cheran Street (Bhavani Nagar).

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,70,000. The stamp duty is Rs 53,900, and the registration fee is Rs 15,400, totaling Rs 69,300.

Which office handles property registrations for Cheran Street?

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