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Guideline Value

Corporate

Guideline Value for Bharathidasan Nagar(18th Street)

₹1100/sq.ft.

The guideline value for Bharathidasan Nagar(18th 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(18th Street)

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Bharathidasan Nagar(18th Street) guideline value

The current guideline value of Bharathidasan Nagar(18th Street) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Bharathidasan Nagar(18th Street) has changed

The guideline value for Bharathidasan Nagar(18th Street) has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value in this village is Rs 1,300 per sq.ft, placing Bharathidasan Nagar(18th Street) below this median.

Stamp duty and registration fee for property in Bharathidasan Nagar(18th 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, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Nagar(18th Street)?

The Sub Registrar Office that covers Bharathidasan Nagar(18th 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Soorapattu. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is compared with the agreed sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar(18th Street)?

The current guideline value of Bharathidasan Nagar(18th 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 increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the land classification for Bharathidasan Nagar(18th Street)?

The land classification for Bharathidasan Nagar(18th Street) is Residential Class III Type - I.

Where can I find the Ambattur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Bharathidasan Nagar(18th Street)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 11,00,000, leading to a stamp duty of Rs 77,000.