Guideline Value

Corporate

Guideline Value for Bethania Nagar 5th Street

₹2750/sq.ft.

The guideline value for Bethania Nagar 5th 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 5th Street

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Bethania Nagar 5th Street guideline value

The current guideline value of Bethania Nagar 5th 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 5th Street has changed

The guideline value for Bethania Nagar 5th 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 change of 9%. In 2007, the value jumped significantly to Rs 500 per sq.ft, which is a 14% increase from the previous revision. The 2012 revision raised the value to Rs 2,500 per sq.ft, reflecting a substantial increase of 400% from 2007. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is a 10% increase from 2012. 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%, showcasing a significant rise over the years. Each revision has contributed to the current value, with the most notable change occurring between 2007 and 2012.

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 5th Street is below this median.

Stamp duty and registration fee for property in Bethania Nagar 5th 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 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 5th Street?

The Sub Registrar Office that covers Bethania Nagar 5th 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 plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are documented at a fair value.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware of these values to ensure they comply with local regulations during their transactions.

Frequently asked questions

What is the current guideline value of Bethania Nagar 5th Street?

The current guideline value of Bethania Nagar 5th 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.

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

Other streets in Valasaravakkam with the same guideline value of Rs 2,750 per sq.ft in 2024 include Bethania Nagar 1st, 2nd, 3rd, 4th, 6th, and 7th Streets.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Bethania Nagar 5th Street?

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