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Guideline Value

Corporate

Guideline Value for Bharathidasan Nagar(15th Street)

₹1100/sq.ft.

The guideline value for Bharathidasan Nagar(15th Street) in Soorapattu village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Soorapattu

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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 Bharathidasan Nagar(15th Street)

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Bharathidasan Nagar(15th Street) guideline value

The current guideline value for Bharathidasan Nagar(15th Street) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Bharathidasan Nagar(15th Street) has changed

The guideline value for Bharathidasan Nagar(15th Street) has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease in 2017 to Rs 670 per sq.ft, marking a decline of 33%. In 2023, the value increased significantly to Rs 1,000 per sq.ft, and in the latest revision of 2024, it rose to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, with notable changes of 49% from 2017 to 2023 and a 10% increase from 2023 to 2024.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Bharathidasan Nagar(15th Street) below this median value.

Stamp duty and registration fee for property in Bharathidasan Nagar(15th Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Nagar(15th Street)?

The Sub Registrar Office that covers Bharathidasan Nagar(15th 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 Soorapattu

The guideline value plays a crucial role in the registration process when buying or selling property in Soorapattu. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar(15th Street)?

The current guideline value of Bharathidasan Nagar(15th Street) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Bharathidasan Nagar(15th Street)?

Bharathidasan Nagar(15th Street) falls under the Residential Class III Type - I land classification.

What are the stamp duty rates for property transactions in this area?

The stamp duty for property transactions in Bharathidasan Nagar(15th Street) is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

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