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Guideline Value

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Guideline Value for Kambar Street (Bhavani Nagar)

₹770/sq.ft.

The guideline value for Kambar 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 Kambar Street (bhavani Nagar)

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Kambar Street (Bhavani Nagar) guideline value

The current guideline value of Kambar 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 Kambar Street (Bhavani Nagar) has changed

The guideline value for Kambar Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, it then decreased 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.

In summary, the changes reflect a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a substantial 75% increase from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 93%. The register has no figures for Kambar Street for the years 2002 and 2003.

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. The median value is Rs 770 per sq.ft, which is equal to the 2024 guideline value of Kambar Street.

Stamp duty and registration fee for property in Kambar 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 amounts to Rs 7,70,000. The stamp duty is charged at 7%, which is Rs 53,900, and the registration fee is 2%, amounting to Rs 15,400. Together, the total cost for stamp duty and registration fee is Rs 69,300. 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 details.

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

Kambar Street (Bhavani Nagar) falls under the jurisdiction of 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 crucial factor during property registration in Padiyanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value will influence the financial obligations of both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

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

The current guideline value of Kambar Street (Bhavani Nagar) is Rs 770 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 93% over the years.

What are the other streets in Padiyanallur with similar guideline values?

Other streets in Padiyanallur with a guideline value of Rs 770 per sq.ft in 2024 include Kannadasan Street and Kamarajar Street (M.A.Nagar).

What is the registration fee for property transactions in Kambar Street?

The registration fee for property transactions is 2% of the guideline value, which can be calculated based on the current rate of Rs 770 per sq.ft.

Where can I find the Sub Registrar Office for Kambar Street?

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