Guideline Value for B.T.Nagar Extn

B.T.Nagar Extn guideline value

The current guideline value of B.T.Nagar Extn is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of B.T.Nagar Extn has changed

The guideline value for B.T.Nagar Extn has undergone several revisions since 2017. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing B.T.Nagar Extn's 2024 figure above that median.

• B.T.Nagar: Rs 2,750 per sq.ft (2024)
• Bst's Sarada City: Rs 2,860 per sq.ft (2024)
• C.B.Nagar: Rs 2,200 per sq.ft (2024)
• Boomadevi Nagar: Rs 2,750 per sq.ft (2024)
• Chakkrapani Nagar: Rs 2,750 per sq.ft (2024)
• Chakkrapani Nagar Extn: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in B.T.Nagar Extn

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, making the total cost for these fees Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.T.Nagar Extn?

The B.T.Nagar Extn falls under 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 Kerugambakkam

The guideline value is a crucial factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of B.T.Nagar Extn?

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

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 64%.

What is the median guideline value for streets in Kerugambakkam?

The median guideline value for the 144 streets in Kerugambakkam under the Pammal SRO is Rs 2,200 per sq.ft.

Where can I find the Pammal Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on 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.