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Guideline Value

Corporate

Guideline Value for BHARATHI NAGAR 3rd Street

₹3300/sq.ft.

The guideline value for Bharathi Nagar 3rd Street in Nesapakkam village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nesapakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /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 3rd Street

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BHARATHI NAGAR 3rd Street guideline value

The current guideline value of BHARATHI NAGAR 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of BHARATHI NAGAR 3rd Street has changed

The guideline value for BHARATHI NAGAR 3rd Street has experienced several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 150 per sq.ft. This increased to Rs 165 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 500 per sq.ft, reflecting a significant increase of 203%. The 2012 revision saw a drop to Rs 3,000 per sq.ft, a decrease of 33% from the previous figure. However, in 2017, the value rose again to Rs 2,010 per sq.ft, representing a 49% increase. The 2023 revision set the value at Rs 3,000 per sq.ft, and the latest revision in 2024 has brought it to Rs 3,300 per sq.ft, a 10% increase.

Throughout these revisions, the overall change from 2002 to 2024 is a remarkable increase of 2,100%. There are no figures available for the years not listed in the register for this street.

Guideline values in Nesapakkam

Nesapakkam village has a total of 148 streets under the Virugambakkam SRO, with guideline values in 2024 ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of BHARATHI NAGAR 3rd Street.

Stamp duty and registration fee for property in BHARATHI NAGAR 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BHARATHI NAGAR 3rd Street?

The Sub Registrar Office that covers BHARATHI NAGAR 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nesapakkam. It determines the minimum value at which a property can be registered, ensuring that transactions are recorded accurately and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of BHARATHI NAGAR 3rd Street?

The current guideline value of BHARATHI NAGAR 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 150 per sq.ft to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2,100% over the years.

What is the land classification of BHARATHI NAGAR 3rd Street?

BHARATHI NAGAR 3rd Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for BHARATHI NAGAR 3rd Street?

The Virugambakkam Sub Registrar Office, which covers BHARATHI NAGAR 3rd Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Nesapakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.