Guideline Value

Corporate

Guideline Value for Bagavathi Nagar

₹385/sq.ft.

The guideline value for Bagavathi Nagar in Boodur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Boodur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Bagavathi Nagar

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Bagavathi Nagar guideline value

The current guideline value of Bagavathi Nagar, located in Boodur village under the Redhills SRO, is Rs 385 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bagavathi Nagar has changed

The guideline value for Bagavathi Nagar has undergone several revisions over the years. In 2003, the value was set at Rs 20 per sq.ft. This figure saw a significant increase in 2007, rising to Rs 300 per sq.ft, marking a 1400% change. The value then adjusted to Rs 350 per sq.ft in 2012, a decrease of 33%. In 2017, it increased to Rs 234 per sq.ft, followed by a substantial rise to Rs 350 per sq.ft in 2023, representing a 50% increase. The most recent revision in 2024 saw the value rise to Rs 385 per sq.ft, a 10% increase from the previous year.

Notably, there is no figure available for Bagavathi Nagar in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1825%.

Guideline values in Boodur

In Boodur village, there are 15 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 257 to Rs 1,150 per sq.ft. The median value for these streets is Rs 385 per sq.ft, making Bagavathi Nagar's 2024 figure equal to the median.

Stamp duty and registration fee for property in Bagavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty, calculated at 7%, would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bagavathi Nagar?

The Sub Registrar Office that covers Bagavathi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Boodur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid. Buyers should be aware that the fees are calculated based on the higher of the guideline value or the sale price, which ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bagavathi Nagar?

The current guideline value of Bagavathi Nagar is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 20 per sq.ft in 2003 to Rs 385 per sq.ft in 2024, reflecting an overall increase of 1825% over the years.

What is the stamp duty rate for properties in Bagavathi Nagar?

The stamp duty rate for properties in Bagavathi Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bagavathi Nagar?

The Sub Registrar Office for Bagavathi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the guideline values for other streets in Boodur?

Other streets in Boodur have varying guideline values, with rates ranging from Rs 257 to Rs 1,150 per sq.ft. For example, Anbu Nagar is valued at Rs 257 per sq.ft, while several other streets, including Bharathi Nagar Annex 1 and Boodhur Baba Garden, are valued at Rs 385 per sq.ft.