Guideline Value

Corporate

Guideline Value for BHEL NAGAR MAIN ROAD

₹2530/sq.ft.

The guideline value for Bhel Nagar Main 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 Main Road

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Bhel Nagar Main Road guideline value

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

How the guideline value of Bhel Nagar Main Road has changed

The guideline value for Bhel Nagar Main Road has seen several revisions over the years. The earliest available figure is from 2012, where the value was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017. In 2023, the guideline value increased to Rs 2,300 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,530 per sq.ft.

Between revisions, the changes were significant. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The transition from 2023 to 2024 saw a rise of 10%. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value is Rs 2,530 per sq.ft, which is equal to the guideline value of Bhel Nagar Main Road.

Stamp duty and registration fee for property in Bhel Nagar Main 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, making the total fees together Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhel Nagar Main Road?

The Sub Registrar Office that covers Bhel Nagar Main Road 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 crucial factor in property transactions in Manapakkam. It determines the minimum value on which stamp duty and registration fees are calculated during the registration of property. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher value will be used for calculating applicable duties.

When selling property, the guideline value helps establish a baseline for negotiations. It is essential for both buyers and sellers to understand the guideline value to ensure compliance with regulatory requirements during the transaction process.

Frequently asked questions

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

The current guideline value of Bhel Nagar Main 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 in 2012 to Rs 1,541 in 2017, then back to Rs 2,300 in 2023, and finally to Rs 2,530 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 Link 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 are the stamp duty and registration fees for properties on this road?

For a 1,000 sq.ft property on Bhel Nagar Main Road, the total stamp duty is Rs 1,77,100, and the registration fee is Rs 50,600, totaling Rs 2,27,700.

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

The Sub Registrar Office for Bhel Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.