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Guideline Value

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Guideline Value for BHARATHI NAGAR - Elumalai Street

₹3850/sq.ft.

The guideline value for Bharathi Nagar - Elumalai 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 - Elumalai Street

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BHARATHI NAGAR - Elumalai Street guideline value

The current guideline value of BHARATHI NAGAR - Elumalai 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 - Elumalai Street has changed

The guideline value for BHARATHI NAGAR - Elumalai Street has undergone several revisions over the years. In 2002, the value was Rs 150 per sq.ft, which increased to Rs 165 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 500 per sq.ft in 2007, reflecting a 203% increase. By 2012, the value was Rs 3,500 per sq.ft, showing a substantial increase of 600% from the previous revision. However, this was followed by a decrease to Rs 2,345 per sq.ft in 2017, representing a decline of 33%.

In 2023, the guideline value was revised to Rs 3,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 3,850 per sq.ft, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 2467% for this street.

Guideline values in Nesapakkam

In Nesapakkam, there are 148 streets under the Virugambakkam SRO that carry a 2024 guideline value 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 Street's 2024 value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to 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, bringing the total fees to 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 more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BHARATHI NAGAR - Elumalai Street?

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

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

The guideline value is an essential factor when registering property transactions in Nesapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, 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 government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of BHARATHI NAGAR - Elumalai 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, representing an overall increase of 2467%.

What is the median guideline value for streets in Nesapakkam?

The median guideline value for streets in Nesapakkam is Rs 3,300 per sq.ft, with BHARATHI NAGAR - Elumalai Street's value being above this median.

How are stamp duty and registration fees calculated in BHARATHI NAGAR - Elumalai Street?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 38,50,000, the total fees would amount to Rs 3,46,500.

Where is the Sub Registrar Office for BHARATHI NAGAR - Elumalai Street located?

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