Guideline Value

Corporate

Guideline Value for Bethania Nagar 2nd Street

₹2750/sq.ft.

The guideline value for Bethania Nagar 2nd Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. 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 N/A
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 2nd Street

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Bethania Nagar 2nd Street guideline value

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

How the guideline value of Bethania Nagar 2nd Street has changed

The guideline value for Bethania Nagar 2nd Street has seen several revisions over the years. Starting from Rs 404 per sq.ft in 2002, it increased to Rs 439 per sq.ft in 2003, marking a 9% rise. The value then rose to Rs 500 per sq.ft in 2007, which was a 14% increase from the previous figure. Following that, the guideline value jumped significantly to Rs 2,500 per sq.ft in 2012, reflecting a 400% increase. The most recent revision brings the value to Rs 2,750 per sq.ft in 2024, a 10% increase from 2012. Notably, there are no figures available for the years 2017 and 2023 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are a total of 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 for the area is Rs 3,850 per sq.ft, placing Bethania Nagar 2nd Street's 2024 figure below this median.

Stamp duty and registration fee for property in Bethania Nagar 2nd 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 cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bethania Nagar 2nd Street?

The Sub Registrar Office that covers Bethania Nagar 2nd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a reference point for calculating the stamp duty and registration fees that buyers need to pay when completing a property transaction.

When a property is sold, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the guidelines set by the registration department.

Frequently asked questions

What is the current guideline value of Bethania Nagar 2nd Street?

The current guideline value of Bethania Nagar 2nd 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 increased 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 that share the same guideline value of Rs 2,750 per sq.ft include Bethania Nagar 1st Street, 3rd Street, 4th Street, 5th Street, 6th Street, and 7th Street.

What is the stamp duty rate applicable for property transactions?

The stamp duty rate applicable for property transactions in Tamil Nadu is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bethania Nagar 2nd Street?

The Sub Registrar Office for Bethania Nagar 2nd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.