Guideline Value

Corporate

Guideline Value for BHEL NAGAR 1ST CROSS STREET

₹2530/sq.ft.

The guideline value for Bhel Nagar 1st Cross Street in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 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

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Bhel Nagar 1st Cross Street

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Bhel Nagar 1st Cross Street guideline value

The current guideline value of Bhel Nagar 1st Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bhel Nagar 1st Cross Street has changed

The guideline value for Bhel Nagar 1st Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, an increase from Rs 2,300 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 1,541 per sq.ft, which was a significant increase of +49% from the previous 2012 figure of Rs 2,300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Looking further back, the 2012 revision showed a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value increased by +10%, reflecting the current figure of Rs 2,530 per sq.ft.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value is Rs 2,530 per sq.ft, which aligns with the current value of Bhel Nagar 1st Cross Street.

Stamp duty and registration fee for property in Bhel Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost together to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhel Nagar 1st Cross Street?

The Sub Registrar Office that covers Bhel Nagar 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Manapakkam. 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. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price to determine the applicable duties. The higher of the two values is used to calculate the stamp duty, which is a mandatory cost associated with property transactions. This ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Bhel Nagar 1st Cross Street?

The current guideline value of Bhel Nagar 1st Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,541 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024, showing an overall increase of +10% since 2012.

What is the land classification for Bhel Nagar 1st Cross Street?

The land classification for Bhel Nagar 1st Cross Street is Residential Class II Type - I.

Which office handles registrations for properties in Bhel Nagar 1st Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for properties in Bhel Nagar 1st Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Bhel Nagar 1st Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in a total cost of Rs 2,27,700 for stamp duty and registration fees combined.