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Guideline Value

Corporate

Guideline Value for BAKTHI VEDHANDA 2ND AVENUE

₹2750/sq.ft.

The guideline value for Bakthi Vedhanda 2nd Avenue in Ramapuram village (Chennai South Joint Ii SRO, Chennai 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 Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - II
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 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹518 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹419 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bakthi Vedhanda 2nd Avenue

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Bakthi Vedhanda 2nd Avenue guideline value

The current guideline value of Bakthi Vedhanda 2nd Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village under the Chennai South Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Bakthi Vedhanda 2nd Avenue has changed

The guideline value of Bakthi Vedhanda 2nd Avenue has seen significant changes over the years. In 2002, the guideline value was Rs 419 per sq.ft. This increased to Rs 518 per sq.ft in 2003, marking a 24% increase. The value continued to rise, reaching Rs 1,100 per sq.ft in 2007, which was a 112% increase from the previous revision. By 2012, the value was Rs 2,500 per sq.ft, reflecting a 127% increase from 2007. However, it dropped by 33% to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, before rising to the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 556%. There are no figures available for the revisions in years other than those mentioned above for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO, with the 2024 guideline values ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, placing Bakthi Vedhanda 2nd Avenue's 2024 figure below that median.

Stamp duty and registration fee for property in Bakthi Vedhanda 2nd Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be 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, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthi Vedhanda 2nd Avenue?

The Sub Registrar Office that covers Bakthi Vedhanda 2nd Avenue is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bakthi Vedhanda 2nd Avenue?

The current guideline value of Bakthi Vedhanda 2nd Avenue 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 changed significantly from Rs 419 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 556% over this period.

What is the median guideline value for streets in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft for the year 2024, with Bakthi Vedhanda 2nd Avenue's value being below this median.

What are the stamp duty and registration fees for property in Bakthi Vedhanda 2nd Avenue?

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.

Where is the Sub Registrar Office for Bakthi Vedhanda 2nd Avenue located?

The Sub Registrar Office for Bakthi Vedhanda 2nd Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.