Guideline Value

Corporate

Guideline Value for Bethania Nagar Main Road

₹2750/sq.ft.

The guideline value for Bethania Nagar Main Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹439 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹404 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Bethania Nagar Main Road

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Bethania Nagar Main Road guideline value

The current guideline value of Bethania Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Bethania Nagar Main Road has changed

The guideline value for Bethania Nagar Main Road has seen several revisions over the years. In 2002, the value was Rs 404 per sq.ft, which increased to Rs 439 per sq.ft in 2003, marking a change of +9%. The value then rose to Rs 500 per sq.ft in 2007, reflecting an increase of +14%. Following that, the value surged to Rs 2,500 per sq.ft in 2012, a significant jump of +400%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, showing a decline of -33%. The guideline value then rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has been set at Rs 2,750 per sq.ft in 2024, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +581%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in the area is Rs 3,850 per sq.ft, placing Bethania Nagar Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Bethania Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bethania Nagar Main Road?

The Sub Registrar Office that covers Bethania Nagar Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Valasaravakkam. It is used to determine the stamp duty and registration fees payable, ensuring that these fees are based on a standardized valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Bethania Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 404 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +581% over the years.

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

Other streets in Valasaravakkam with the same 2024 guideline value of Rs 2,750 per sq.ft include Bethania Nagar 7th Street, Bethaniya Nagar 1st Cross Street, Bethania Nagar 6th Street, Bethaniya Nagar 2nd Cross Street, Bethania Nagar 5th Street, and Bethaniya Nagar 3rd Cross Street.

What is the registration fee for property in Bethania Nagar Main Road?

The registration fee for property in Bethania Nagar Main Road is calculated at 2% of the guideline value. For example, for a plot valued at Rs 27,50,000, the registration fee would be Rs 55,000.

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

The Sub Registrar Office for Bethania Nagar Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.