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Guideline Value

Corporate

Guideline Value for BHEL NAGAR 4TH CROSS STREET

₹2530/sq.ft.

The guideline value for Bhel Nagar 4th 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 4th Cross Street

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Bhel Nagar 4th Cross Street guideline value

The current guideline value of Bhel Nagar 4th 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 4th Cross Street has changed

Over the years, the guideline value of Bhel Nagar 4th Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,300 per sq.ft, which was then reduced to Rs 1,541 per sq.ft in 2017. In 2023, the value increased to Rs 2,300 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,530 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 is an increase of 10%. The most recent increase of 10% from 2023 to 2024 reflects the current guideline value of Rs 2,530 per sq.ft.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value is Rs 2,530 per sq.ft, which is the same as the current value for Bhel Nagar 4th Cross Street.

Stamp duty and registration fee for property in Bhel Nagar 4th 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 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 4th Cross Street?

The Sub Registrar Office that covers Bhel Nagar 4th 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 plays a crucial role in the registration process of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the registration fees are calculated fairly based on this value.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This helps maintain transparency in property transactions and ensures that all parties are aware of the financial implications involved in the sale or purchase.

Frequently asked questions

What is the current guideline value of Bhel Nagar 4th Cross Street?

The current guideline value of Bhel Nagar 4th 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 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 1,541 per sq.ft in 2017, which was a 49% increase from the previous revision in 2012.

What is the land classification for Bhel Nagar 4th Cross Street?

Bhel Nagar 4th Cross Street is classified as Residential Class II Type - I, indicating its designation for residential purposes within the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Bhel Nagar 4th 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 at 7%.