Guideline Value

Corporate

Guideline Value for Bethania Nagar 4th Street

₹2750/sq.ft.

The guideline value for Bethania Nagar 4th 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 4th Street

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Bethania Nagar 4th Street guideline value

The current guideline value of Bethania Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Bethania Nagar 4th Street has changed

The guideline value for Bethania Nagar 4th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 404 per sq.ft. This increased to Rs 439 per sq.ft in 2003, marking a change of +9%. The value then rose significantly to Rs 500 per sq.ft in 2007, a change of +14%. Following this, the guideline value saw a substantial increase to Rs 2,500 per sq.ft in 2012, reflecting a change of +400%.

The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is an increase of +10% from the 2012 figure. It is important to note that 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 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 for these streets is Rs 3,850 per sq.ft, indicating that the 2024 figure for Bethania Nagar 4th Street is below this median.

Stamp duty and registration fee for property in Bethania Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bethania Nagar 4th Street?

The Sub Registrar Office that covers Bethania Nagar 4th 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 when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable to the transaction.

During the registration process, the guideline value ensures that the property is not undervalued, thereby safeguarding the interests of the government in terms of revenue collection. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Bethania Nagar 4th Street?

The current guideline value of Bethania Nagar 4th 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, showing an overall increase of +581% over the years.

What is the land classification for Bethania Nagar 4th Street?

The land classification for Bethania Nagar 4th Street is Residential Class IV Type - I.

How is stamp duty calculated for property in Bethania Nagar 4th Street?

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

Where can I find the Sub Registrar Office for Bethania Nagar 4th Street?

The Virugambakkam Sub Registrar Office covers Bethania Nagar 4th Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.