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Guideline Value

Corporate

Guideline Value for Bangalow (West 1st St)

₹4620/sq.ft.

The guideline value for Bangalow (west 1st St) in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 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

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /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 Bangalow (west 1st St)

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Bangalow (West 1st St) guideline value

The current guideline value for Bangalow (West 1st St) is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal 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 Bangalow (West 1st St) has changed

In the 2012 revision, the guideline value was set at Rs 4,200 per sq.ft. This value decreased to Rs 2,814 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 4,200 per sq.ft. The most recent revision in 2024 increased the guideline value by 10% to Rs 4,620 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. The guideline value for Bangalow (West 1st St) is equal to this median.

Stamp duty and registration fee for property in Bangalow (West 1st St)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, while the registration fee at 2% would be Rs 92,400, bringing the total to Rs 4,15,800. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bangalow (West 1st St)?

The Sub Registrar Office that covers Bangalow (West 1st St) 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 Ekkaduthangal

The guideline value is crucial during the registration of property transactions in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps both parties ensure compliance with local regulations. It also aids in calculating the financial obligations associated with the transaction, such as stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Bangalow (West 1st St)?

The current guideline value for Bangalow (West 1st St) is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 4,200 per sq.ft in 2012, decreased to Rs 2,814 per sq.ft in 2017, increased to Rs 4,200 per sq.ft in 2023, and finally rose to Rs 4,620 per sq.ft in 2024.

What is the land classification for Bangalow (West 1st St)?

The land classification for Bangalow (West 1st St) is Residential Class II Type - I, indicating its use for residential purposes.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Bangalow (West 1st St) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bangalow (West 1st St)?

The Sub Registrar Office for Bangalow (West 1st St) 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.