Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for BHARATHI NAGAR - Anna Street

₹3850/sq.ft.

The guideline value for Bharathi Nagar - Anna 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹165 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹150 /sq.ft.
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 - Anna Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

BHARATHI NAGAR - Anna Street guideline value

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

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

The guideline value for BHARATHI NAGAR - Anna Street has seen significant changes over the years. In 2002, the guideline value was Rs 150 per sq.ft. This increased to Rs 165 per sq.ft in 2003, marking a 10% rise. The value then jumped to Rs 500 per sq.ft in 2007, an increase of 203%. Following this, the value rose dramatically to Rs 3,500 per sq.ft in 2012, reflecting a 600% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,850 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 2,467%. The register has no figure for the years not mentioned in this summary.

Guideline values in Nesapakkam

In Nesapakkam, there are 148 streets under the Virugambakkam SRO carrying a 2024 guideline value ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing BHARATHI NAGAR - Anna Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value is Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BHARATHI NAGAR - Anna Street?

The Sub Registrar Office that covers BHARATHI NAGAR - Anna Street is 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 when registering property in Nesapakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value helps in determining the legal obligations for both parties. It is essential to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of BHARATHI NAGAR - Anna Street?

The current guideline value for BHARATHI NAGAR - Anna 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 significantly from Rs 150 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 2,467% over the years.

What is the registration office for BHARATHI NAGAR - Anna Street?

The registration office for BHARATHI NAGAR - Anna Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property in BHARATHI NAGAR - Anna Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.

What are the guideline values of other streets in Nesapakkam?

Other streets in Nesapakkam have varying guideline values, with rates ranging from Rs 2,200 to Rs 7,150 per sq.ft. BHARATHI NAGAR - Anna Street's current value of Rs 3,850 per sq.ft is above the median value of Rs 3,300 per sq.ft in the area.