Guideline Value

Corporate

Guideline Value for Bethania Nagar 3rd Street

₹2750/sq.ft.

The guideline value for Bethania Nagar 3rd 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 3rd Street

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Bethania Nagar 3rd Street guideline value

The current guideline value of Bethania Nagar 3rd 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 is classified as Residential Class IV Type - I.

How the guideline value of Bethania Nagar 3rd Street has changed

The guideline value for Bethania Nagar 3rd 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. By 2007, the value surged to Rs 500 per sq.ft, which is a 14% increase from the previous revision. The most significant jump occurred in 2012 when the guideline value reached Rs 2,500 per sq.ft, reflecting a 400% increase from 2007. The latest revision in 2024 has set the value at Rs 2,750 per sq.ft, which is a 10% increase from 2012.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 581%.

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, with a median value of Rs 3,850 per sq.ft. The guideline value of Bethania Nagar 3rd Street is below this median.

Stamp duty and registration fee for property in Bethania Nagar 3rd 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, making the total cost for these fees 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bethania Nagar 3rd Street?

The Sub Registrar Office that covers Bethania Nagar 3rd 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 is a crucial factor during the registration of property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with the local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the necessary fees. It is essential to note that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bethania Nagar 3rd Street?

The current guideline value of Bethania Nagar 3rd 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, marking an overall increase of 581% over the years.

What are the stamp duty and registration fees for property in Bethania Nagar 3rd Street?

For a 1,000 sq.ft property, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Bethania Nagar 3rd Street?

The Virugambakkam Sub Registrar Office handles property registrations for Bethania Nagar 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Bethania Nagar 3rd Street?

The land classification for Bethania Nagar 3rd Street is Residential Class IV Type - I, indicating its designation for residential use.