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Guideline Value

Corporate

Guideline Value for BHARATHI NAGAR - Amman Street

₹3850/sq.ft.

The guideline value for Bharathi Nagar - Amman Street in Nesapakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nesapakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Nagar - Amman Street

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BHARATHI NAGAR - Amman Street guideline value

The current guideline value of BHARATHI NAGAR - Amman Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village under the Virugambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of BHARATHI NAGAR - Amman Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 2,345 per sq.ft. Following this, there was a significant increase to Rs 3,500 per sq.ft in the 2023 revision, and the latest revision in 2024 shows a further increase to Rs 3,850 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Nesapakkam

Nesapakkam village has 148 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, placing BHARATHI NAGAR - Amman Street's 2024 figure above that median.

Stamp duty and registration fee for property in BHARATHI NAGAR - Amman Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be Rs 3,46,500. It is important to note that 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 details.

Which Sub Registrar Office covers BHARATHI NAGAR - Amman Street?

BHARATHI NAGAR - Amman Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Nesapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you register a property, the fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for BHARATHI NAGAR - Amman Street?

The current guideline value for BHARATHI NAGAR - Amman Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What are the other streets in Nesapakkam with similar guideline values?

Other streets in Nesapakkam with a guideline value of Rs 3,850 per sq.ft include BHARATHI NAGAR - Ambedhkar Street, Anna Street, Cross Street, Elumalai (N) Street, and Elumalai Street.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 38,50,000, the total fees would be Rs 3,46,500.

Where can I find the Sub Registrar Office for BHARATHI NAGAR - Amman Street?

The Virugambakkam Sub Registrar Office, which covers BHARATHI NAGAR - Amman Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.