Guideline Value

Corporate

Guideline Value for BHEL NAGAR LINK ROAD

₹2530/sq.ft.

The guideline value for Bhel Nagar Link Road 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 Link Road

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Bhel Nagar Link Road guideline value

The current guideline value of Bhel Nagar Link Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This road is located in Manapakkam village and falls under the Chennai South Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Bhel Nagar Link Road has changed

The guideline value for Bhel Nagar Link Road has undergone several revisions over the years. In 2012, the value was set at Rs 2,300 per sq.ft, which then decreased to Rs 1,541 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,300 per sq.ft in 2023, and finally rose to Rs 2,530 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 in this area is Rs 2,530 per sq.ft, which is the same as the current value for Bhel Nagar Link Road.

Stamp duty and registration fee for property in Bhel Nagar Link Road

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 fees together to Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhel Nagar Link Road?

Bhel Nagar Link Road is covered by 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value for stamp duty and registration fees, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable duties and fees, which are essential for the legal transfer of ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bhel Nagar Link Road?

The current guideline value of Bhel Nagar Link Road 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 2012 to Rs 1,541 per sq.ft in 2017, then to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What are the other streets in Manapakkam with the same guideline value?

Other streets in Manapakkam with the same guideline value of Rs 2,530 per sq.ft include Bhel Nagar Main Road, Bhel Nagar 4th Cross Street, Bhel Nagar 3rd Main Road, Bhel Nagar 3rd Cross Street, Bhel Nagar 2nd Main Road, and Bhel Nagar 2nd Cross Street.

What is the registration fee for property in Bhel Nagar Link Road?

The registration fee for property in Bhel Nagar Link Road is calculated based on the guideline value. For a plot of 1,000 sq.ft, the registration fee would be Rs 50,600 at a rate of 2%.

Where can I find the Sub Registrar Office for Bhel Nagar Link Road?

The Sub Registrar Office covering Bhel Nagar Link Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information about your SRO online.