Guideline Value for B.T. Nagar (ward 4)

B.T. Nagar (ward 4) guideline value

The current guideline value of B.T. Nagar (ward 4) is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of B.T. Nagar (ward 4) has changed

The guideline value for B.T. Nagar (ward 4) has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 raised the value to Rs 2,750 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value during this period.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means B.T. Nagar (ward 4) is above that median.

• B.T. Nagar (ward 5): Rs 2,750 per sq.ft (2024)
• Bharathiyar Street (ward 3): Rs 2,750 per sq.ft (2024)
• Bharathi Nagar: Rs 2,750 per sq.ft (2024)
• Chozhan Nagar: Rs 2,200 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in B.T. Nagar (ward 4)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.T. Nagar (ward 4)?

The Sub Registrar Office that covers B.T. Nagar (ward 4) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B.T. Nagar (ward 4)?

The current guideline value of B.T. Nagar (ward 4) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From 2017 to 2024, the guideline value has increased by 64%. The most recent revision from 2023 to 2024 saw a 10% increase.

What is the land classification for B.T. Nagar (ward 4)?

The land classification for B.T. Nagar (ward 4) is Residential Class I Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in B.T. Nagar (ward 4)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.