Guideline Value for B.V.R.Nagar 4th Street

B.V.R.Nagar 4th Street guideline value

The current guideline value of B.V.R.Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of B.V.R.Nagar 4th Street has changed

Looking at the revisions, the guideline value for B.V.R.Nagar 4th Street was Rs 3,000 per sq.ft in 2012. This figure remained unchanged until the next revision in 2023, where it was still Rs 3,000 per sq.ft. In 2024, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, which means that B.V.R.Nagar 4th Street's 2024 figure is below this median.

• B.V.R.Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar - Angala Parameswari Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar Main Road: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar - Vivekanandar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in B.V.R.Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers B.V.R.Nagar 4th Street?

The Sub Registrar Office that covers B.V.R.Nagar 4th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of B.V.R.Nagar 4th Street?

The current guideline value of B.V.R.Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 10% increase from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. It remained unchanged at Rs 3,000 per sq.ft from 2012 to 2023.

What is the land classification for B.V.R.Nagar 4th Street?

B.V.R.Nagar 4th Street is classified as Residential Class II Type - II, which indicates the type of development permissible in the area.

Where can I find the registration office for B.V.R.Nagar 4th Street?

The registration office for B.V.R.Nagar 4th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in B.V.R.Nagar 4th Street?

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 33,00,000, the stamp duty would be Rs 2,31,000.