Guideline Value

Corporate

Guideline Value for Bethania Nagar 7th Street

₹2750/sq.ft.

The guideline value for Bethania Nagar 7th 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 7th Street

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Bethania Nagar 7th Street guideline value

The current guideline value of Bethania Nagar 7th 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 7th Street has changed

Over the years, the guideline value of Bethania Nagar 7th Street has experienced significant changes. 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%. This was followed by a rise to Rs 500 per sq.ft in 2007, reflecting a substantial increase of +14%. The value remained at Rs 500 per sq.ft until it jumped to Rs 2,500 per sq.ft in 2012, a remarkable increase of +400%. The value stayed the same through 2023 at Rs 2,500 per sq.ft before reaching the current rate of Rs 2,750 per sq.ft in 2024, which is a +10% increase.

It is important to note that the register has no figure for this street in 2017. 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. The median guideline value in this area is Rs 3,850 per sq.ft, placing the 2024 figure for Bethania Nagar 7th Street below this median.

Stamp duty and registration fee for property in Bethania Nagar 7th 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 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bethania Nagar 7th Street?

The Sub Registrar Office that covers Bethania Nagar 7th 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. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Additionally, the guideline value serves as a benchmark for property transactions, helping to standardize the valuation process. Buyers and sellers should always refer to the latest guideline values to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Bethania Nagar 7th Street?

The current guideline value of Bethania Nagar 7th 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 is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft, which is higher than the current value of Bethania Nagar 7th Street.

What are the stamp duty and registration fees for property in Bethania Nagar 7th Street?

For a property valued at 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 registrations for Bethania Nagar 7th Street?

The Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, handles registrations for Bethania Nagar 7th Street.