Guideline Value

Corporate

Guideline Value for Bharathi Nagar 1st Street

₹2400/sq.ft.

The guideline value for Bharathi Nagar 1st Street in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Bharathi Nagar 1st Street

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Bharathi Nagar 1st Street guideline value

The current guideline value of Bharathi Nagar 1st Street is Rs 2,400 per sq.ft. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Bharathi Nagar 1st Street has changed

The guideline value for Bharathi Nagar 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2024 revision increased the value to Rs 2,400 per sq.ft, marking a significant increase of 63% from the 2017 figure. Overall, from 2012 to 2024, the guideline value increased by 9%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. The fluctuations between the revisions reflect the adjustments made by the Registration Department to align with market conditions.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the current guideline value of Bharathi Nagar 1st Street.

Stamp duty and registration fee for property in Bharathi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar 1st Street?

The Sub Registrar Office that covers Bharathi Nagar 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the associated fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar 1st Street?

The current guideline value of Bharathi Nagar 1st Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then increased to Rs 2,400 per sq.ft in 2024. This represents a 63% increase from 2017 to 2024 and an overall increase of 9% from 2012 to 2024.

What is the land classification for Bharathi Nagar 1st Street?

Bharathi Nagar 1st Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What other streets have the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal, such as Bharathi Nagar 2nd Street, Bharathi Nagar 3rd Street, Bharathi Nagar 4th Street, Bharathi Nagar 5th Street, Bharathi Nagar 6th Street, and Bharathi Nagar 7th Street, also have a guideline value of Rs 2,400 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Bharathi Nagar 1st Street?

The Sub Registrar Office for Bharathi Nagar 1st Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.