Guideline Value for BAGIRATHIAMMAL STREET

Bagirathiammal Street guideline value

The current guideline value of Bagirathiammal Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Mixed Special Type - I.

How the guideline value of Bagirathiammal Street has changed

The guideline value for Bagirathiammal Street has undergone several revisions over the years. In 2002, the guideline value was Rs 1,412 per sq.ft, which increased to Rs 1,568 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 3,000 per sq.ft in 2007, representing a 91% increase. By 2012, the value was Rs 13,000 per sq.ft, showing a substantial increase of 333% from the previous revision. However, it decreased by 33% to Rs 8,710 per sq.ft in 2017. The next revision in 2023 saw the value rise to Rs 13,000 per sq.ft, and finally, the current rate is Rs 14,300 per sq.ft as of 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 913%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values for 2024 ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Bagirathiammal Street's 2024 figure above this median.

• Bajanai Koil Street: Rs 5,500 per sq.ft (2024)
• Balaji Avenue 1 St Street: Rs 14,300 per sq.ft (2024)
• Balaji Avenue Iind Street: Rs 14,300 per sq.ft (2024)
• Balamandir Road: Rs 5,500 per sq.ft (2024)
• Balamuthukrishna Road: Rs 17,600 per sq.ft (2024)
• Balu Mudali Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bagirathiammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total fees to Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bagirathiammal Street?

The Sub Registrar Office covering Bagirathiammal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Additionally, the guideline value helps in establishing a transparent pricing mechanism for property transactions. It ensures that both parties are aware of the minimum value at which the property can be registered, thereby facilitating a smoother transaction process.

Frequently asked questions

What is the current guideline value of Bagirathiammal Street?

The current guideline value of Bagirathiammal Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,412 per sq.ft in 2002 to Rs 14,300 per sq.ft in 2024, reflecting an overall increase of 913% over the years.

What is the stamp duty rate for property in Bagirathiammal Street?

The stamp duty rate for property transactions in Bagirathiammal Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bagirathiammal Street located?

The Sub Registrar Office for Bagirathiammal Street is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the median guideline value for streets in Tnagar?

The median guideline value for streets in Tnagar is Rs 11,000 per sq.ft, with Bagirathiammal Street's 2024 figure of Rs 14,300 per sq.ft being above this median.