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Guideline Value

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Guideline Value for Bethaniya Nagar 2nd Cross Street

₹2750/sq.ft.

The guideline value for Bethaniya Nagar 2nd Cross 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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Bethaniya Nagar 2nd Cross Street

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Bethaniya Nagar 2nd Cross Street guideline value

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

How the guideline value of Bethaniya Nagar 2nd Cross Street has changed

The guideline value for Bethaniya Nagar 2nd Cross Street has undergone a revision from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, marking an increase of 10%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only revisions available for Bethaniya Nagar 2nd Cross Street are from 2012 and 2024. The 2024 figure of Rs 2,750 per sq.ft is the most current value.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, where the median value is Rs 3,850 per sq.ft. The guideline value for Bethaniya Nagar 2nd Cross Street is below this median.

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

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bethaniya Nagar 2nd Cross Street?

The Sub Registrar Office that covers Bethaniya Nagar 2nd Cross 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of the sale. This helps maintain transparency in property transactions.

Frequently asked questions

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

The current guideline value of Bethaniya Nagar 2nd Cross 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 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, which is an increase of 10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Bethaniya Nagar 2nd Cross Street?

The land classification for Bethaniya Nagar 2nd Cross Street is Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for this area?

The registration office covering Bethaniya Nagar 2nd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

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