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Guideline Value

Corporate

Guideline Value for BAKTHI VEDHANDA 3RD AVENUE

₹2750/sq.ft.

The guideline value for Bakthi Vedhanda 3rd 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 3rd Avenue

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Bakthi Vedhanda 3rd Avenue guideline value

The current guideline value of Bakthi Vedhanda 3rd Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bakthi Vedhanda 3rd Avenue has changed

The guideline value for Bakthi Vedhanda 3rd Avenue has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 419 per sq.ft. It increased to Rs 518 per sq.ft in 2003, marking a 24% rise. The value further rose to Rs 1,100 per sq.ft in 2007, a significant increase of 112%. In 2012, the value was Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision saw a new increase to Rs 1,675 per sq.ft, reflecting a 49% rise. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent 2024 revision has established the current guideline value at Rs 2,750 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years not mentioned in the register for this street. The overall change from 2002 to 2024 shows an increase of 556% in the guideline value.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO with a 2024 guideline value 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, which means that Bakthi Vedhanda 3rd Avenue's 2024 figure is below this median.

Stamp duty and registration fee for property in Bakthi Vedhanda 3rd Avenue

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 at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration fee would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthi Vedhanda 3rd Avenue?

The Sub Registrar Office that covers Bakthi Vedhanda 3rd Avenue is the Chennai South Joint II Sub Registrar Office. The address is Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Bakthi Vedhanda 3rd Avenue?

The current guideline value of Bakthi Vedhanda 3rd 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 several times, starting from Rs 419 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 556% over the years.

What is the land classification for Bakthi Vedhanda 3rd Avenue?

The land classification for Bakthi Vedhanda 3rd Avenue is Residential Class II Type - II.

What are the stamp duty and registration fees for property in Bakthi Vedhanda 3rd 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.

Which Sub Registrar Office covers Bakthi Vedhanda 3rd Avenue?

The Chennai South Joint II Sub Registrar Office covers Bakthi Vedhanda 3rd Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.