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Guideline Value for N.S.C. Bose Street (Bhavani Nagar)

₹770/sq.ft.

The guideline value for N.s.c. Bose 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 N.s.c. Bose Street (bhavani Nagar)

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N.S.C. Bose Street (Bhavani Nagar) guideline value

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

How the guideline value of N.S.C. Bose Street (Bhavani Nagar) has changed

The guideline value for N.S.C. Bose Street (Bhavani Nagar) has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 400 per sq.ft. This increased to Rs 700 per sq.ft in 2012, marking a significant rise of 75%. However, it then decreased to Rs 469 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 700 per sq.ft in 2023, and finally, the current value is Rs 770 per sq.ft as of the 2024 revision, showing a rise of 10% from the previous year.

There are no recorded figures for N.S.C. Bose Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 93%.

Guideline values in Padiyanallur

Padiyanallur has a total of 132 streets under the Redhills SRO, with guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the current value of N.S.C. Bose Street (Bhavani Nagar).

Stamp duty and registration fee for property in N.S.C. Bose Street (Bhavani Nagar)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S.C. Bose Street (Bhavani Nagar)?

The Sub Registrar Office that covers N.S.C. Bose 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 crucial factor in property transactions in Padiyanallur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is important to note that the guideline value may differ from the actual sale price of the property. However, the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of N.S.C. Bose Street (Bhavani Nagar)?

The current guideline value of N.S.C. Bose 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 from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, marking an overall increase of 93% over the years.

Where can I find the registration office for N.S.C. Bose Street (Bhavani Nagar)?

The registration office for N.S.C. Bose Street (Bhavani Nagar) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for property in N.S.C. Bose Street (Bhavani Nagar)?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 69,300, based on the current guideline value of Rs 7,70,000.

How does the guideline value affect property transactions in Padiyanallur?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as the minimum value for registration, ensuring that the appropriate fees are collected based on the higher of the guideline value or the sale price.