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Guideline Value

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Guideline Value for BHARATHI DASAN STREET(NORTHERN SIDE OF KUMARAN COLONY 2ND STREET)

₹7700/sq.ft.

The guideline value for Bharathi Dasan Street(northern Side Of Kumaran Colony 2nd Street) in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹543 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹489 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 Bharathi Dasan Street(northern Side Of Kumaran Colony 2nd Street)

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Bharathi Dasan Street(Northern Side Of Kumaran Colony 2nd Street) guideline value

The current guideline value for Bharathi Dasan Street(Northern Side Of Kumaran Colony 2nd Street) is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO, classified as Residential Class I Type - II.

How the guideline value of Bharathi Dasan Street(Northern Side Of Kumaran Colony 2nd Street) has changed

The guideline value for Bharathi Dasan Street has seen several revisions over the years. Starting from Rs 489 per sq.ft in 2002, it increased to Rs 543 per sq.ft in 2003, marking an 11% rise. The value then jumped significantly to Rs 1,000 per sq.ft in 2007, which was a substantial increase of 84%. In 2012, the value was Rs 7,000 per sq.ft, reflecting a decrease of 33% from the previous revision. The next revision in 2017 saw the value rise again to Rs 4,690 per sq.ft, a 49% increase. The most recent revisions show the value at Rs 7,000 per sq.ft in 2023, followed by an increase to Rs 7,700 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1475%, showcasing the changes in property valuation over the years. There are no revisions with figures missing for this street.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, and Bharathi Dasan Street's 2024 value of Rs 7,700 per sq.ft is above this median.

Stamp duty and registration fee for property in Bharathi Dasan Street(Northern Side Of Kumaran Colony 2nd Street)

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Dasan Street(Northern Side Of Kumaran Colony 2nd Street)?

The Sub Registrar Office covering Bharathi Dasan 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 Mambalam

The guideline value is an essential factor in the registration process of property transactions in Mambalam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Dasan Street?

The current guideline value of Bharathi Dasan Street(Northern Side Of Kumaran Colony 2nd Street) is Rs 7,700 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 489 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 1475% over this period.

What is the median guideline value in Mambalam?

The median guideline value in Mambalam is Rs 6,600 per sq.ft, with Bharathi Dasan Street's value being above this median at Rs 7,700 per sq.ft.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 77,00,000 on Bharathi Dasan Street, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Where is the Sub Registrar Office for Bharathi Dasan Street located?

The Sub Registrar Office for Bharathi Dasan Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.