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Guideline Value

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Guideline Value for BHARATHI NAGAR - Elumalai (N) Street

₹3850/sq.ft.

The guideline value for Bharathi Nagar - Elumalai (n) 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 - Elumalai (n) Street

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BHARATHI NAGAR - Elumalai (N) Street guideline value

The current guideline value of BHARATHI NAGAR - Elumalai (N) Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of BHARATHI NAGAR - Elumalai (N) Street has changed

The guideline value for BHARATHI NAGAR - Elumalai (N) Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which then dropped to Rs 2,345 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, showing a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 3,850 per sq.ft, reflecting a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from the 2012 revision to the current 2024 figure.

Guideline values in Nesapakkam

Nesapakkam has a total of 148 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing BHARATHI NAGAR - Elumalai (N) Street's 2024 value above that median.

Stamp duty and registration fee for property in BHARATHI NAGAR - Elumalai (N) Street

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

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers BHARATHI NAGAR - Elumalai (N) Street?

The Sub Registrar Office that covers BHARATHI NAGAR - Elumalai (N) 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 buying or selling property in Nesapakkam. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers should be aware that the guideline value may differ from the sale price, and the duty is charged on whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the local regulations. This value helps in maintaining transparency in property transactions and assists in the assessment of taxes owed to the government.

Frequently asked questions

What is the current guideline value of BHARATHI NAGAR - Elumalai (N) Street?

The current guideline value of BHARATHI NAGAR - Elumalai (N) 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 2023 to Rs 3,850 per sq.ft in 2024, a 10% increase. It was Rs 2,345 per sq.ft in 2017, which increased to Rs 3,500 per sq.ft in 2023, showing a 49% rise.

What is the land classification for BHARATHI NAGAR - Elumalai (N) Street?

The land classification for BHARATHI NAGAR - Elumalai (N) Street is Residential Class I Type - I.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500. The duty is charged on the higher of the guideline value and the sale price.

Which office handles registrations for this street?

The Virugambakkam Sub Registrar Office handles registrations for BHARATHI NAGAR - Elumalai (N) Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.