Guideline Value

Corporate

Guideline Value for Bethania Nagar 1st Street

₹2750/sq.ft.

The guideline value for Bethania Nagar 1st Street 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 N/A
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 1st Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Bethania Nagar 1st Street guideline value

The current guideline value of Bethania Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Bethania Nagar 1st Street has changed

The guideline value for Bethania Nagar 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 404 per sq.ft, which increased to Rs 439 per sq.ft in 2003, marking a change of +9%. The next significant rise occurred in 2007, where the value jumped to Rs 500 per sq.ft, reflecting a +14% increase. Following that, in 2012, the guideline value remained at Rs 2,500 per sq.ft, with no change noted until 2023.

In 2023, the guideline value was revised to Rs 2,500 per sq.ft, and then in 2024, it increased to Rs 2,750 per sq.ft, indicating a +10% change. Overall, from 2002 to 2024, the guideline value has increased by +581%. It is important to note that there is no figure available for the year 2017 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, placing Bethania Nagar 1st Street's 2024 figure below that median.

Stamp duty and registration fee for property in Bethania Nagar 1st Street

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, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bethania Nagar 1st Street?

The Sub Registrar Office that covers Bethania Nagar 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering a property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the property transaction process.

When a property is sold, the guideline value is considered to ascertain the applicable fees. It is critical to understand that the fees are based on the higher of the guideline value or the sale price, ensuring that the correct amount is collected during registration.

Frequently asked questions

What is the current guideline value of Bethania Nagar 1st Street?

The current guideline value of Bethania Nagar 1st Street 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.

Is there a guideline value for the year 2017?

No, the register has no figure for the year 2017 for Bethania Nagar 1st Street.

What is the registration office for Bethania Nagar 1st Street?

The registration office for Bethania Nagar 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Bethania Nagar 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%.