Guideline Value for B.T.Nagar

B.T.Nagar guideline value

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

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

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

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, 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 of these streets is Rs 2,200 per sq.ft, making the 2024 guideline value of B.T.Nagar above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees would total 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.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.T.Nagar?

B.T.Nagar falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 plays a crucial role during property registration in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable on the transaction, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall cost of the transaction, including additional fees that may apply based on the value of the property being registered.

Frequently asked questions

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

The current guideline value of B.T.Nagar 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 an overall increase of 64%.

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

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.

Which office handles registrations for B.T.Nagar?

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

What is the median guideline value in Kerugambakkam?

The median guideline value for the 144 streets in Kerugambakkam is Rs 2,200 per sq.ft, with B.T.Nagar's value being above this median.