Guideline Value

Corporate

Guideline Value for B.T. Nagar (ward 5)

₹2750/sq.ft.

The guideline value for B.t. Nagar (ward 5) in Kolapakkam village (Pammal SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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:

Chengalpattu

Zone

Kolapakkam

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on B.t. Nagar (ward 5)

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B.T. Nagar (ward 5) guideline value

The current guideline value of B.T. Nagar (ward 5) is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of B.T. Nagar (ward 5) has changed

The guideline value for B.T. Nagar (ward 5) has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This was followed by a significant increase to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 value for these streets is Rs 2,200 per sq.ft, placing B.T. Nagar (ward 5) above this median.

Stamp duty and registration fee for property in B.T. Nagar (ward 5)

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 at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.T. Nagar (ward 5)?

The Sub Registrar Office that covers B.T. Nagar (ward 5) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kolapakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

When purchasing property, the guideline value helps in assessing the minimum value on which stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of B.T. Nagar (ward 5)?

The current guideline value of B.T. Nagar (ward 5) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking a 64% increase overall. The value was Rs 2,500 per sq.ft in 2023, reflecting a 10% increase from the previous year.

What are the stamp duty and registration fees for property in B.T. Nagar (ward 5)?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for B.T. Nagar (ward 5)?

The Pammal Sub Registrar Office handles registrations for B.T. Nagar (ward 5), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Kolapakkam?

The median guideline value for streets in Kolapakkam is Rs 2,200 per sq.ft. B.T. Nagar (ward 5) is above this median with a guideline value of Rs 2,750 per sq.ft.